SUI, a cryptocurrency powered by Sui network, has today registered rise of 13.7%, making its price currently trading at $2.90 and its market capitalization standing at $9.16 billion. This surge comes after announcement of its partnership with World Liberty Financial, (WLFI), a crypto DeFi project backed by President Trump.
Sui, WLFI partnership deal
Today, March, 6, the WLFI formed a “strategic reserve” partnership deal with Sui network, a Layer-1 blockchain that aims to revolutionize the DeFi landscape.
As part of the collaboration, World Liberty will include Sui assets to its strategic token reserve. Besides that, the two firms will engage in various innovation avenues.
Early last month, WLFI launched its strategic token reserve created to support Bitcoin, Ether, and other crypto assets that are on the front line of redefining global finance.
Based on its mission, this token reserve aims to:
- Help mitigate crypto market volatility,
- Invest in innovative projects in the DeFi landscape,
- And establish a well-capitalized reserve.
Also through its mandate, World Liberty plans to make strategic collaborations with traditional investment companies to invest their tokenized assets into the reserve.
WLFI reshaping the future of crypto
So far, WLFI has invested more than $388 million in various crypto holdings. Its strategic investment, which includes significant positions in Ethereum, Wrapped Bitcoin, Tron, ONDO, Aave, and Chainlink, marks a remarkable step into the growing landscape of digital assets.
World Liberty’s acquisition strategy reflects a strategic approach to acquiring the potential of major crypto assets in the market.
The purchasing frenzy has solidified WLFI’s reputation as an innovative player in the digital asset ecosystem. The company’s move to concentrate on such innovative assets is rooted in its belief in the DeFi world.
WLFI’s bold movement into the crypto industry is more than just financial bet – it signifies a wider vision for the future of virtual currencies under Trump’s regime. With the company’s backing, the regulatory environment for crypto assets may encounter substantial, friendly transformation.
By establishing itself as a key player in the DeFi, it is laying the foundation for a future where crypto assets are strongly embedded into the traditional finance.
