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

The Trump family is reportedly solidifying their hold over WLFI, a project that was initiated before the inauguration of Donald Trump and remains under development. This strategic consolidation comes as the Trump family through DT Marks DeFi LLC, an affiliate entity, holds 60% of WLF Holdco LLC, a company overseeing WLFI. While it remains uncertain who claims the remaining 40%, this shift sees the displacement of WLFI co-founders Zak Folkman and Chase Herro as controlling parties. WLFI has gathered an impressive $550 million through token sales to investors worldwide, with 75% of net sales likely flowing to the Trump family. This development is noteworthy as it demonstrates a significant maneuver in controlling a financial technology platform, pointing toward the family's consistent interest in establishing a foothold in evolving financial technologies. This trajectory raises questions about the implications of such influence and potential impacts on both technology and business sectors.