- World Liberty Financial (WLF) is expanding beyond its USD1 stablecoin into tokenised commodities like oil, gas, cotton, and timber.
- The Trump-backed venture plans to develop a debit card to bridge crypto assets with everyday spending, aiming for a pilot launch soon and a live rollout in late 2025/early 2026.
- WLF, whose stablecoin USD1 is now the fifth largest, aims to be a global commercial enterprise focused on “dollarizing the world” via its platform.
World Liberty Financial, the Trump-backed crypto venture, is preparing to expand beyond stablecoins into tokenised commodities and other assets, according to CEO Zach Witkoff.
Speaking at Token2049 in Singapore, Witkoff said the WLF team is already working on tokenising oil, gas, cotton, and other commodities. These assets would be paired with the project’s dollar-pegged stablecoin, USD1, which has grown into the world’s fifth-largest stablecoin with a market cap of around US$2.7 billion (AU$4.1 billion).
We’ve not only thought about it, we’re actively working on it. I think commodities are a really interesting area for us, whether it be oil, gas, things like cotton, timber, all of those things, frankly, should be traded on chain.
Zach Witkoff, CEO of World Liberty Financial.Related: Polish Parliament Advances Strict Crypto Market Regulation Bill
WLF to Also Bring Debit Card in Early 2026
Witkoff reiterated that the project is still working on developing a debit card that could roll out between late 2025 and early 2026. The card was already announced a few days ago by WLF co-founder Zak Folkman at Korea Blockchain Week.
We are definitely rolling out a debit card that’ll bridge crypto assets with everyday spending. We’ll be rolling out a pilot program here in the next quarter, and that debit card will either be live in Q4 or Q1 26.
Zach Witkoff, CEO of World Liberty Financial.Donald Trump Jr., World Liberty’s co-founder, said the initiative is designed to operate globally, not just within the US. He stressed that while America should lead, the platform aims to create access worldwide.
Witkoff added that World Liberty is a commercial enterprise, not a political project, even as he described its mission as “dollarizing the world.” He added that USD1 is intended as “the money for the future of finance,” while WLFI takes the role of the firm’s governance token.
Related: Chinese Fraudster Pleads Guilty to Laundering Nearly $7B in Bitcoin
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