World Liberty Financial Eyes Tokenized Commodities and Global Expansion

World Liberty Financial, a Trump-backed crypto initiative, is actively working on bringing real-world commodities to the blockchain. Speaking at the Token2049 conference in Singapore, CEO Zack Witkoff said the project is exploring tokenized assets such as oil, gas, cotton, and timber. “All of those things, frankly, should be traded on chain,” Witkoff noted, adding that the team intends to pair these assets with its USD1 stablecoin for maximum transparency and reliability.

Growing Stablecoin Ecosystem

The project has already launched two tokens — the governance token WLFI and the dollar-pegged stablecoin USD1. On Wednesday, the team announced that USD1 will debut on Aptos, making it the first Move-based blockchain to support the asset. USD1 has quickly risen to become the world’s fifth-largest stablecoin, with a market capitalization of roughly $2.7 billion. According to Witkoff, USD1 is designed to serve as “the money for the future of finance,” while WLFI will function as the community’s voice in governance.

Expanding Services Beyond Tokens

Beyond digital assets, World Liberty Financial is building its own financial ecosystem. The company is developing a debit card, which Witkoff revealed is set to launch in late 2025 or early 2026. A mobile app and wallet system are also in development, signaling the project’s ambition to provide end-to-end crypto-native financial services.

A Global Mission

Donald Trump Jr., co-founder of World Liberty Financial and eldest son of the U.S. President, emphasized that the project is not limited to the U.S. “We should be leading as America… but we want this to be for the world,” he said, framing the initiative as a global platform.

Not a Political Organization

While the project is closely tied to figures in Trump’s circle, Witkoff and Trump Jr. were keen to stress that World Liberty Financial is not a political entity. “We love President Trump, we absolutely think that he is the best president to ever exist, but it’s been very clear that World Liberty is not a political organization, we are a business,” Witkoff said. He described the mission as both patriotic and beneficial to the broader world, aiming to “dollarize” global markets through blockchain technology.