World Liberty Financial, a decentralized finance (DeFi) project co-founded by Chase Herro, is set to establish a “strategic reserve” using tokens it acquires.

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.

World Liberty Financial rebuilt its position of Ondo (ONDO) just as the project announced its new L1 chain for institutional-grade DeFi.

Trump-backed WLFI purchased 342,000 ONDO tokens amid Ondo Finance's blockchain launch, signaling rising institutional interest in tokenized 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 co-founder discloses that the platform could launch a strategic reserve with the acquired digital assets including Ondo.

Ondo Finance revealed plans to launch a chain for tokenizing real-world assets, with Donald Trump Jr. appearing at its Thursday event.

CEO Nathan Allman said that "financial markets are overdue for an upgrade" as tokenization efforts gather steam globally.

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.

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