World Liberty Financial plans to tokenize real-world assets and pair with USD1 stablecoin
Trump-backed crypto project World Liberty Financial is exploring different types of assets and tokenized bills, CEO Zack Witkoff said during the Token2049 conference in Singapore on Wednesday.
"We've not only thought about it, we're actively working on it," Witkoff said. "I think commodities are a really interesting area for us, whether it be oil, gas, things like cotton, timber, all of those things, frankly, should be traded on chain."
Witkoff said that the team plans to pair such tokenized assets with its USD 1 stablecoin, stating that these assets require the most trustworthy and transparent stablecoin pairing.
World Liberty Financial has so far launched two tokens — its governance token WLFI and dollar-pegged stablecoin USD1. The team also announced Wednesday that USD1 will launch on Aptos, marking the first Move-based blockchain to support the stablecoin.
USD1 in particular quickly grew to be the fifth largest stablecoin in the world, with around $2.7 billion in market capitalization. Witkoff said that USD1 is designed to be the money for the future of finance, while WLFI will represent the voice of the people.
Outside the two cryptocurrencies, the crypto project is developing its own debit card, as previously announced at South Korea's Korea Blockchain Week event last month. Witkoff revealed today that the project is expecting to launch the debit card in Q4 2025 or Q1 2026. The project is also working on its own mobile app and wallet system.
Donald Trump Jr., World Liberty co-founder and the eldest son of the U.S. President, said that the crypto project is not just about the U.S.
"We should be leading as America… [but] we want this to be for the world," Trump Jr. wrote. "It's about creating a platform for the world to utilize, for them to partake in all of these things."
On stage, Witkoff and Trump Jr. again clarified that World Liberty Financial is not a political organization.
"Dollarizing the world, we do it as a patriotic mission, but it's also very good for the world," Witkoff said. "We love President Trump, we absolutely think that he is the best president to ever exist, but it's been very clear that World Liberty is not a political organization, we are a business."
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