PANews reported on February 19 that according to Zak Folkman, co-founder of World Liberty Financial, the Trump-backed crypto project World Liberty Financial (WLFI) had difficulty raising funds in the early stage, but it has turned around due to the intervention of Justin Sun. After Sun Yuchen purchased WLFI tokens for $30 million, he became the official consultant of the project. Folkman said at the Consensus Hong Kong conference that the project goal is to integrate traditional financial institutions with decentralized finance.

Folkman stressed that WLFI’s success did not rely on venture capital support, nor did it give special treatment to any token purchaser. Notably, World Liberty also purchased $10 million in TRX (the native token of Sun’s TRON blockchain) and WBTC.