Inside World Liberty Financial's USD1, Governance, and Plan to Build Trust

Welcome back to Talking Tokens. I’m back from Korea Blockchain Week and Token2049. We’re sharing a second fireside chat I moderated at the former conference. It was a quick-hitting, fun conversation. Hope you all enjoy!

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The latest Talking Tokens podcast 🎙️

For this week’s Tuesday episode, we’re sharing my fireside chat from Korea Blockchain Week with Zak Folkman, co-founder of World Liberty Financial, a crypto project backed by members of the Trump family.

Zak shares his journey from early Ethereum adoption to co-founding World Liberty Financial and launching the USD1 stablecoin and WLFI token.

We discuss how USD1 wants to integrate transparency by adopting Chainlink’s real-time proof of reserves, set new compliance standards with KYC and AML, and build community governance unlike other stablecoins.

Zak explains the company’s chain-agnostic approach and global expansion efforts, including partnerships in Asia, and previews upcoming products like their retail wallet and debit card integration. The episode explores how World Liberty Financial aims to bridge traditional finance with web3 in a compliant and user-friendly way while targeting mass adoption.

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Money and people moves

1. Polymarket gets $2B strategic investment from Intercontinental Exchange, the parent company to NYSE, with a post-money valuation at $9B — making it one of the highest valued companies across all of crypto

2. Alex Tapscott joins CMCC Global Capital Markets, part of CMCC Global, as partner and CEO

3. Benji Taylor, founder of the crypto wallet app Family (which was acquired by Aave), departs Aave 

4. Hudson Jameson steps down from Polygon Labs after leading its governance and community as VP

5. Nomura Crypto Unit Poaches Three of Galaxy’s Derivatives Traders (Bloomberg)

6. Ondo completes acquisition of US-regulated broker Oasis Pro (The Block)

7. China Financial Leasing Group to Raise $11M for Crypto Investment (CoinDesk)

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Please note that this content is for informational and entertainment purposes only. Any views shared should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research. We may have a direct or indirect financial interest in content mentioned in this newsletter.