Crypto: Trump Family's Wlfi Plans Fx And Remittance Platform: Report

The platform hopes to capture a fraction of the more than $9.6 trillion in daily trading volume in the foreign currency exchange market.

World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by the family of US President Donald Trump, announced on Thursday that it will launch foreign currency exchange (FX) and remittance services for its users.

The planned foreign exchange and remittance platform, called World Swap, seeks to challenge traditional remittance and FX service providers with lower fees and a simplified user interface, according to Reuters.

Daily global FX trading volume surpassed $9.6 trillion in April 2025, according to a report from the Bank of International Settlements (BIS), and the personal remittances market topped $892 billion in annual volume in 2024, according to data from the World Bank.

No exact timeline was given for the rollout. Cointelegraph reached out to World Liberty Financial but did not receive a response by the time of publication.

The expansion into FX and remittances follows WLFI's application for a national trust bank charter in January and the launch of World Liberty Markets, a lending platform, as WLFI continues to grow while attracting scrutiny from Democratic lawmakers in the US.

Related: OCC Comptroller says WLFI charter review will remain apolitical

In January, the Wall Street Journal published a report revealing that an investment vehicle registered in the United Arab Emirates purchased a 49% stake in WLFI for $500 million, four days before the Trump inauguration on Jan. 20, 2025.

The investment vehicle, Aryam Investment 1, is backed by United Arab Emirates National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan.

The report triggered a probe into WLFI and the transaction from Democratic Representative Ro Khanna. “This is about public trust and transparency,” the California lawmaker said.

Source: CoinTelegraph