DT Marks DEFI LLC, affiliated with Donald Trump and his family, has decreased its ownership in World Liberty Financial from 60% to about 40%, according to recent legal disclosures. World Liberty Financial is a Delaware-based company developing the WLF decentralized finance (DeFi) protocol and governance platform.
The stake reduction, first reported by Forbes, likely resulted from a private sale or internal restructuring, though no official explanation has been given. The change occurs amid heightened political scrutiny and a Senate investigation into Trump’s connections to the crypto project.
While Trump and his family members do not hold officer or director roles within World Liberty Financial or its parent company, DT Marks DEFI LLC and certain family members collectively hold 22.5 billion WLFI tokens and receive 75% of token sale proceeds after expenses. Reports indicate Trump earned $57 million in June from selling these tokens.
World Liberty’s stablecoin, USD1, launched in March on Ethereum and BNB Chain networks. Its role has drawn congressional attention, especially with the Senate recently passing the GENIUS Act, which seeks to establish federal regulations for stablecoins. Senator Richard Blumenthal has initiated an investigation into the company’s relationship with President Trump, highlighting concerns over the transparency of his financial entanglements.
World Liberty Financial has not responded to requests for comment.