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The Trump family project WLFI "first sale" will seek to raise $300 million, with over 100,000 people already registered for the whitelist

ChainCatcher news, according to The Block, since the WLFI whitelist went live on September 30, over 100,000 people have registered to join the whitelist, and a "golden document" will be released on Tuesday.In terms of allocation, 63% of WLFI tokens will be available for public sale starting Tuesday, October 15. The remaining 17% will be used to reward users, and 20% will be for team compensation. WLFI will be open to qualified investors within the United States, qualified investors within the United Kingdom, and investors outside of these countries.According to the roadmap seen by The Block, WLFI's "initial sale" aims to raise $300 million and will sell 20% of the token supply at a fully diluted valuation of $1.5 billion.The first phase of World Liberty Financial is to launch a DeFi lending platform version of Aave on the Ethereum Layer 2 network Scroll, allowing users to lend and borrow tokens, starting with Bitcoin, Ether, and stablecoins. The second phase involves integration with exchanges, enabling users to go on-chain and off-chain through on-chain proof of "Know Your Customer" (KYC) protocols. The final phase is to tokenize real-world assets and obtain regulatory approval.During the livestream, Paxos announced that co-founder Rich Teo has joined the World Liberty team as its head of stablecoins and payments. It is currently unclear whether he has left his position at Paxos.

Citibank Survey: Family Offices' Investment in Cryptocurrency Doubles Year-on-Year

ChainCatcher news, according to Citibank's "2024 Global Family Office Survey," the number of family offices optimistic about cryptocurrencies has doubled this year from 8% last year to 17%, with direct investment remaining their preferred investment method.The report indicates that family offices' interest in digital assets continues to grow from a low base. Whether large family offices with assets under management exceeding $500 million or small family offices with less than $500 million, the level of interest in digital assets is similar, with direct cryptocurrency investments and cryptocurrency-related investment funds being their top priorities.Compared to small family offices, large family offices show greater interest in tokenized real-world assets (RWA), with 11% of large family offices having exposure to cryptocurrencies, while the figure for small family offices is only 3%. On the other hand, small family offices have a greater demand for derivatives, with 8% holding exposure to these products, compared to 3% for large family offices.The Asia-Pacific region is leading in digital asset adoption, with 37% of family offices investing in or interested in investing in digital assets. One in every 20 family offices in the region reports that digital assets account for more than 10% of their investable assets. Meanwhile, family offices in Latin America show the least interest, with 83% of family offices not prioritizing allocations to digital assets.
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