World Liberty Financial (WLFI), a crypto project linked to the Trump family, has announced plans to launch the World Swap platform for currency exchange and money transfers, offering simplified services with lower fees. This was reported by Reuters.
Co-founder Zach Volkman stated at the Web3 Consensus event in Hong Kong that the initiative aims to "connect users worldwide with debit cards and bank accounts" to simplify financial transactions.
"Over $7 trillion circulates globally, converting from one currency to another, all subject to very high fees from existing players," he noted.
According to Volkman, World Swap will set fees "significantly lower" than its competitors.
The WLFI co-founder added that the World Liberty Markets platform, set to launch in early 2026 as part of efforts to expand the use of the stablecoin USD1, has recorded a lending volume of $320 million and borrowings exceeding $200 million.
Previously, the WSJ reported that an investment fund linked to UAE Sheikh Tahnoun bin Zayed Al Nahyan secretly acquired a 49% stake in WLFI. This situation has sparked negative reactions from the American establishment.
U.S. Representative Ro Khanna has sent an official inquiry to the leadership of World Liberty Financial. Authorities intend to investigate the Trump-linked crypto project's ties to foreign capital and potential conflicts of interest.
The president himself stated that he is unaware of the deal, claiming that his sons are handling the business.
Recall that in October 2025, Financial Times journalists discovered that the Trump family has earned over $1 billion from cryptocurrency projects.