Chase Herro, co-founder of President Donald Trump’s DeFi project, World Liberty Financial, said the platform plans on creating a “strategic reserve” with tokens bought.

The address scooped up about 342,000 ONDO, the platform's governance token, for $470,000 USDC on the CoW Protocol, according to data from Arkham Intelligence. It first bought ONDO two months ago, worth $245,000 at the time, before sending the tokens to Coinbase Prime earlier this week.

Donald Trump's World Liberty Financial to establish a strategic crypto reserve, signaling deeper involvement in digital assets.

The co-founder of World Liberty Financial has said that the DeFi project plans to create a “strategic reserve” with the tokens it buys.

World Liberty Financial saw a significant development as the company's co-founder, Chase Herro, announced plans to establish a "strategic reserve" using tokens purchased by the firm. This move comes as the decentralized finance (DeFi) project receives notable backing from President Donald Trump and his family.

World Liberty Financial’s co-founder, Chase Herro, revealed at the recent ONDO Summit event that the Trump-backed venture was planning to create a strategic token reserve using the company’s accumulated crypto assets.

World Liberty Financial plans to create a “strategic reserve” with the crypto tokens it has purchased, according to a Bloomberg report.