ALT5 Sigma Secures $1.5 Billion to Boost WLFI Token Strategy
On August 12,ALT5 Sigma Corporation finalized a substantial $1.5 billion funding round spearheaded by world Liberty Financial.This move sets the stage for launching a new corporate treasury plan based on WLFI tokens.
The financing package consists of a registered direct offering and a private placement, both set at $7.50 per share. It engaged prominent institutional investors and crypto venture capitalists. As part of the deal, ALT5 will manage approximately 7.5% of the total WLFI tokens, with Kraken handling asset management duties.
This massive fundraising reflects confidence in ALT5’s potential to revolutionize corporate treasury practices using blockchain technology. With a valuation of $0.20 per token in its initial public pricing, the WLFI token seeks to enhance its market presence.
- ALT5 and WLFI collaboration marks a significant milestone for integrating governance tokens into corporate finance.
- CEO Zach Witkoff of WLFI now chairs ALT5’s board, bringing valuable expertise.
- Eric Trump joins ALT5’s board, and Zak Folkman assumes a board observer role.
ALT5, established in 2018, specializes in blockchain-based services through its ALT5 Pay and ALT5 Prime platforms. These platforms enable tokenization, trading, settlement, and payment solutions. Over $5 billion in crypto transactions have already been processed.
World Liberty Financial is a decentralized finance platform inspired by Donald trump. It focuses on increasing accessibility to DeFi and fostering broader adoption. Recent moves include a private token sale worth $52.1 million and a partnership with Falcon Finance.
this transaction highlights the increasing overlap between traditional finance, decentralized systems, and influential political brands.
