World Liberty Financial (WLFI), the cryptocurrency project of US President Donald Trump and his family, continues to take new steps.
Accordingly, Apex Group, a global asset manager with a management volume of $3.5 trillion, has signed a partnership agreement with World Liberty Financial (WLFI).
The two companies plan to use WLFI’s stablecoin USD1 as a pilot program to conduct tokenized fund transactions.
At the World Freedom Forum held in Mar-a-Lago, the companies announced that Apex will test $1 as a payment method for subscriptions, cashback, and distributions within its tokenized fund ecosystem.
“…The aim is to facilitate payments and increase operational efficiency for Apex Group’s institutional client base by integrating regulated stablecoin infrastructure into traditional fund management services.”
Apex also stated that it is reviewing WLFI’s plan to list its tokenized assets on the London Stock Exchange Group (LSEG)’s digital market infrastructure platform. WLFI, meanwhile, stated that it plans to launch a mobile application that connects bank accounts with digital asset wallets. The application aims to enable users to manage digital assets, link bank accounts and wallets, and access on-chain services.
Following the announcement of the partnership, WLFI saw a surge of up to 25% in the last 24 hours. While some analysts argue that the rise is due to the partnership news and the WLFI event at Mar-a-Lago, others suggest it’s a “short squeeze” event. WLFI continues to trade at $0.117.
*This is not investment advice.