DWF Labs, the crypto market maker and Web3 investment firm, purchased $25 million in World Liberty Financial (WLFI) governance tokens in a strategic private transaction, the firm announced on Apr. 16.

The statement said the firm aims to drive liquidity to USD1, the USD-pegged stablecoin launched by World Liberty Financial. It also announced its strategic expansion to the U.S. with a new office in New York City.

DWF Labs said it also plans to strengthen institutional partnerships with banks and financial institutions exploring blockchain integration and enhance regulatory engagement with U.S. policymakers.

World Liberty Financial co-founder Zak Folkman said, "As our partner, we expect DWF Labs to help accelerate the next-generation infrastructure we're actively building and deploying at WLFI."

World Liberty Financial is a decentralized finance (DeFi) protocol in which the Trump family holds a 60% stake. While President Donald Trump himself is the chief crypto advocate at the project, his sons Eric, Donald Jr., and Barron act as ambassadors.

The USD1 stablecoin is one of the first projects launched by the DeFi protocol. It is 100% backed by short-term U.S. government treasuries, USD deposits, and other cash equivalents. The stablecoin has a market cap of $127.78 million as of Apr. 16, as per CoinMarketCap.

As per Arkham , World Liberty Financial owns more than $93 million in tokens, including $25.42 million in USDC, $13.69 million in Wrapped Bitcoin, $12.58 million in Ethereum, $10.98 million in USDT, and $10.35 million in TRX.

The crypto market cap has declined 3.7% over the last 24 hours to $.273 trillion on Apr. 16.