The Trump family holds at least 60% of WLFI through a new holding company

ChainCatcher news, according to The Block, the Trump family seems to be strengthening its control over WLFI. WLFI was announced by Trump before his inauguration but is still in the development stage. According to a report released by Reuters on Monday, the Trump family further consolidated its control over World Liberty in January by establishing WLF Holdco LLC. Among them, DT Marks DeFi LLC is an affiliate entity of Trump and some of his family members, holding 60% of the shares in the new company WLF Holdco LLC, which holds the sole member interest in WLFI, responsible for overseeing protocol development and operating the WLFI governance platform. Although it is currently unclear who holds the remaining 40%, this adjustment seems to indicate that WLFI co-founders Zak Folkman and Chase Herro are no longer the "controlling parties" of the platform.

As of now, WLFI has raised a total of $550 million by selling WLFI tokens to qualified investors in the U.S. and non-qualified investors globally. According to documents released at the project's launch, the Trump family may receive 75% of the net proceeds from this portion of sales.