Trump-Backed World Liberty Financial Moves Into $9T FX Market With World Swap Service
World Liberty Financial, the decentralized finance venture associated with the family of US President Donald Trump, is preparing to expand beyond its existing crypto offerings by introducing foreign exchange and cross-border payment services.
The company confirmed on Thursday that it is developing a new product called World Swap, which is designed to handle currency conversion and international remittances. With this platform, the project aims to position itself as a lower-cost alternative to traditional money transfer providers by combining foreign exchange functionality with a simplified, crypto-style user experience.
The move places the firm in direct competition with established remittance companies and global payment processors at a time when both markets are experiencing massive scale.
According to data from the Bank for International Settlements, global foreign exchange trading volumes exceeded $9.6 trillion per day in April 2025. Meanwhile, World Bank figures show that personal remittance flows reached more than $892 billion in total during 2024.
Expansion Beyond Lending and Banking Plans
The foreign exchange initiative is the latest step in World Liberty Financial’s broader strategy to build a full-stack financial ecosystem around its DeFi infrastructure.
Earlier this year, Ecoinimist reported that the company applied for a national trust bank charter, a move that would allow it to operate under a regulated banking structure if approved.
The firm also recently introduced World Liberty Markets, a lending platform aimed at offering digital asset-based borrowing and yield opportunities.
The addition of FX and remittance services suggests the company is attempting to extend its reach into everyday financial use cases, including cross-border payments and currency exchange.
If successful, the expansion could allow World Liberty Financial to tap into one of the largest financial markets globally while also targeting the retail remittance sector, which remains a major source of fees for traditional providers.
Investment Deal Sparks Political Scrutiny
Despite the growth plans, the project has drawn increasing attention from lawmakers in Washington following reports of foreign investment into the platform.
In January, the Wall Street Journal reported that an investment entity based in the United Arab Emirates acquired a 49% stake in World Liberty Financial for $500 million. The deal reportedly closed just days before Trump’s inauguration on Jan. 20, 2025.
The investment vehicle, known as Aryam Investment 1, is linked to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser. As such, the transaction quickly raised concerns among Democratic lawmakers, who questioned the potential implications of foreign capital flowing into a crypto venture connected to the president’s family.
California Representative Ro Khanna called for an investigation into the arrangement, saying the issue was tied to questions of transparency and public trust.
Trump, for his part, distanced himself from the details of the deal, saying his sons were managing the family’s crypto-related business activities and investment relationships.
Lawmakers Raise Security Concerns
The investment also became a topic during a recent hearing of the House Financial Services Committee, where several Democratic representatives pressed regulators about the situation.
Massachusetts Representative Stephen Lynch and California Representative Maxine Waters expressed concern that foreign investment into the Trump-linked platform could create national security risks or open the door to undue influence.
Both lawmakers suggested that such arrangements might enable foreign actors to gain leverage through financial ties, especially when those ties intersect with the president’s family business interests.
