ALT5 Sigma Corporation has closed a $1.5 billion funding round led by World Liberty Financial to launch a corporate treasury strategy centered on WLFI tokens.
Summary
- ALT5 Sigma closed a $1.5B raise led by WLFI, priced at $7.50 per share.
- Company to hold 7.5% of WLFI’s token supply, managed by Kraken.
- Leadership changes include WLFI’s CEO Zach Witkoff becoming ALT5 chairman.
The transaction, announced on Aug. 12, combined a registered direct offering and a concurrent private placement, both priced at $7.50 per share. It involved participation from major institutional investors and crypto venture capital firms.
As part of the deal, ALT5 will hold around 7.5% of the total WLFI token supply, valuing the token at $0.20 in its first public pricing since launch. Kraken will serve as asset manager for the initiative.
Leadership reshuffle following deal
The funding also brought significant leadership changes. WLFI co-founder and chief executive officer Zach Witkoff has been named chairman of ALT5’s board, while Eric Trump joins as a director. WLFI co-founder and chief operating officer Zak Folkman will serve as board observer, and Matt Morgan has been appointed chief investment officer.
Through its ALT5 Pay and ALT5 Prime platforms, ALT5, which was founded in 2018, offers blockchain-powered technologies for tokenization, trading, settlement, and payment solutions.
While ALT5 Prime provides over-the-counter digital asset trading, ALT5 Pay allows international merchants to accept cryptocurrency payments with the option to auto-convert to fiat. The business has handled over $5 billion in cryptocurrency transactions.
World Liberty Financial’s growing footprint
The WLFI treasury strategy marks a significant step in integrating the governance token into corporate finance. Inspired by Donald Trump’s vision, WLFI is a decentralized finance protocol that aims to increase access to DeFi and develop tools for wider adoption.
The $1.5 billion raise follows a series of WLFI developments in recent months, including a $52.1 million private token sale in July, a $10 million investment in Falcon Finance, and a Binance listing of WLFI’s USD1 stablecoin.
Both WLFI and ALT5’s expanding footprints demonstrate the growing intersection of traditional capital markets, decentralized finance, and political brand influence.
