Justin Sun joins World Liberty Financial as advisor amid $30 million investment
- World Liberty Financial appoints Justin Sun as advisor after a $30 million investment.
- The platform, an offshoot of Aave, has revised its governance token sale target from $300 million to $30 million.
- Sun's involvement is anticipated to guide the platform through its fundraising and regulatory challenges.
In a notable development within the cryptocurrency sector, World Liberty Financial, a decentralized lending platform, recently appointed Justin Sun, the founder of Tron, as its new advisor. This announcement follows a substantial $30 million investment from HTX, a cryptocurrency exchange that maintains close ties with Sun. The decision marks a significant shift in former President Donald Trump's engagement with the cryptocurrency landscape, considering his previous skepticism towards digital assets. After initially setting an ambitious fundraising goal of $300 million for its governance token sale, World Liberty Financial adjusted this target to $30 million due to insufficient market demand. As of the latest updates, the firm has successfully sold $21 million worth of WLFI tokens, with sales being limited to non-U.S. and qualified U.S. investors. Justin Sun expressed his dedication to fostering blockchain innovation in America, framing the U.S. as the emerging hub for cryptocurrency and blockchain technology. With his background as a notable investor, Sun's role is expected to shape the strategic direction of World Liberty Financial. Furthermore, his track record includes notable acquisitions aimed at branding efforts in the blockchain space. Despite the optimistic developments surrounding World Liberty Financial, the TRX token experienced a decline of 4.6% in value shortly after the news.