World Liberty Financial Launches KYC Verification with Trump Family Backing

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World Liberty Financial (WLF), a new decentralized finance (DeFi) project backed by the Trump family, has officially opened its Know Your Customer (KYC) verification process on its website.

However, throughout Monday morning, the site experienced temporary downtime due to maintenance issues, frustrating many early visitors.

World Liberty Financial Gives Early Access to People Who Complete KYC

The homepage of World Liberty Financial outlines the exclusive nature of the project, stating that “Additional information about World Liberty Financial is only intended to be available to persons who have been pre-qualified by completing a KYC process.” Furthermore, in the United States, only accredited investors who have completed this verification process will have access to more detailed information about the project. The site clarifies that this page does not constitute an offer to sell or a solicitation to buy tokens in any jurisdiction.

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KYC verification is a key step for compliance in the cryptocurrency space, ensuring that potential investors are properly identified to prevent illicit activities such as money laundering and fraud. This verification typically involves submitting personal identification documents, such as a passport or driver’s license, as well as proof of address. It is a standard legal requirement for anti-money laundering (AML) measures, especially in high-stakes financial operations like token sales.

Although details about World Liberty Financial remain scarce, the project has garnered attention due to its affiliation with prominent figures like Eric Trump and Donald Trump Jr. The Trump family first teased the DeFi venture in early August, with the project gaining more visibility during a launch event on X Spaces (formerly Twitter) on Sept. 16, hosted by Donald Trump Sr.

WLFI Governance Token

During the launch, it was revealed that World Liberty Financial will offer a non-transferable governance token called WLFI. However, only accredited investors will be able to participate in the token sale. The token distribution will be split as follows: 63% will be sold to the public, 17% allocated to user rewards, and 20% reserved for team compensation.

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While the exact details and roadmap for World Liberty Financial are still unclear, the combination of DeFi principles and high-profile backing has sparked significant interest in the crypto community. The opening of KYC verification marks an important step toward broader participation in the project.

For now, those eager to learn more about the future of World Liberty Financial will need to wait for further updates following successful KYC completion.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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