Bitrabo Editorial
There have been talks within the cryptocurrency community about the Trump family preparing to launch a new initiative involving investing in tokenized Real World Assets (RWA).
Disrupting the Crypto Space
Rumors suggest that former President Donald Trump and his son, Donald Trump Jr., are working on a crypto project known as “World Liberty” that aims to merge real estate investments with decentralized finance (DeFi) through blockchain technology.
Donald Trump Jr. hinted at the project in a recent social media post, expressing the family’s intention to make a significant impact on the crypto world by embracing decentralized finance as the way forward.
The speculated project explores the concept of using blockchain technology to tokenize ownership shares in real estate assets, enabling them to be exchanged and utilized within DeFi platforms. While specific details are scarce, there are whispers of a potential partnership with blockchain developer Dogetoshi.
The Evolution of Finance
Established financial powerhouses like BlackRock have already ventured into the cryptocurrency realm by launching the tokenized USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum blockchain. This fund enables investors to generate returns on their US dollar holdings through DeFi protocols on the Ethereum blockchain, with over $375 million in investments to support tokenized and private credit funds.
Joseph Chalom from BlackRock highlighted that tokenizing assets on the blockchain facilitates easier access, trading, and leveraging of these assets within the growing DeFi ecosystem.
It should be noted that the Trump family has not officially confirmed these alleged plans yet. Details, timelines, and the actual existence of the “World Liberty” project are currently speculative.
The cryptocurrency market cap stands at $1.9 trillion, with a recent influx of over $500 billion in under two days. This has led major cryptocurrencies to drop to new lows not witnessed in months.
On the other hand, Bitcoin, the dominant cryptocurrency, has traded within a range of $55,000 to $56,000 over the last 24 hours after hitting a 7-month low of $49,000 on Monday.
Ethereum, which experienced a significant decline of about 25% during “Crypto Black Monday,” has shown signs of recovery, reaching the $2,360 mark in recent days.
Featured image from DALL-E, chart from TradingView.com