{"id":825305,"date":"2025-02-08T07:11:43","date_gmt":"2025-02-08T13:11:43","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/08\/world-financial-liberty-co-founder-says-it-wants-to-create-a-strategic-token-reserve\/"},"modified":"2025-02-08T07:11:43","modified_gmt":"2025-02-08T13:11:43","slug":"world-financial-liberty-co-founder-says-it-wants-to-create-a-strategic-token-reserve","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/08\/world-financial-liberty-co-founder-says-it-wants-to-create-a-strategic-token-reserve\/","title":{"rendered":"World Financial Liberty co-founder says it wants to create a \u201cstrategic\u201d token reserve"},"content":{"rendered":"<div data-site=\"CoinJournal\">\n<div data-site=\"CoinJournal\">\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/06\/1688140693394-a995e09d-e135-4a5b-b0ce-467aa113b7b7.jpg\" alt width=\"100%\" height=\"100%\">\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Chase Herro didn\u2019t specify what the purpose of holding a reserve for the platform would be<\/li>\n<li aria-level=\"1\">On Thursday, World Liberty Financial bought $470,000 worth of ONDO, the token linked to Ondo Finance<\/li>\n<\/ul>\n<p>The co-founder of World Liberty Financial has said that the DeFi project plans to create a \u201cstrategic reserve\u201d with the tokens it buys.<\/p>\n<p>Chase Herro made his comments at startup Ondo Finance\u2019s inaugural summit in New York; however, he didn\u2019t specify what purpose holding a reserve would be for the platform.<\/p>\n<p>According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-06\/trump-s-world-liberty-financial-plans-to-create-strategic-token-reserve\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>, Herro appeared on stage alongside Donald Trump Jr. and fellow <a href=\"https:\/\/coinjournal.net\/search\/World+Liberty+Financial\">World Liberty Financial<\/a> (WFL) co-founders Zak Folkman and Zach Witkoff. The platform is backed by US President <a href=\"https:\/\/coinjournal.net\/search\/Donald+Trump\">Donald Trump<\/a> who\u2019s listed as Chief Crypto Advocate on the project\u2019s website.<\/p>\n<p>Herro\u2019s remarks follow as the WFL bought 342,000 ONDO tokens on Thursday, for a value of $470,000, according to\u00a0 <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/worldlibertyfi\" target=\"_blank\" rel=\"noopener\">Arkham Intelligence<\/a> data. The ONDO token is linked to ONDO Finance and is WFL\u2019s governance token.<\/p>\n<p>To date, WLF crypto holdings amount to $35.5 million with a majority held in USDC and Tron.<\/p>\n<p>The idea of a Bitcoin strategic reserve has gained enthusiasm, thanks to Trump who has floated the idea of such a move since his presidential win. Last month, the US president signed an executive order to establish a crypto working group designed to boost the advancement of crypto in America.<\/p>\n<p>It will also look into the possibility of <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-signs-executive-order-for-crypto-working-group-to-provide-regulatory-clarity\/\">creating a national crypto stockpile<\/a>.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/world-financial-liberty-co-founder-says-it-wants-to-create-a-strategic-token-reserve\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Rebecca Campbell<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chase Herro didn\u2019t specify what the purpose of holding a reserve for the platform would be On Thursday, World Liberty Financial bought $470,000 worth of ONDO, the token linked to Ondo Finance The co-founder of World Liberty Financial has said that the DeFi project plans to create a \u201cstrategic reserve\u201d with the tokens it buys.<\/p>\n","protected":false},"author":1,"featured_media":825306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[534,644],"tags":[],"class_list":["post-825305","post","type-post","status-publish","format-standard","has-post-thumbnail","category-financial","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=825305"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/825306"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=825305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=825305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=825305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}