Donald Trump Jr. has disclosed details of a cryptocurrency and DeFi-related project he announced the previous day, according to Cointelegraph.
The platform aims to address inclusivity issues regarding access to financial services.
“We want to take on a large part of the banking world. I think there is a great inequality in that only certain people can raise funds,” commented Trump Jr.
Currently, the project is in its early development stage. It will take “a long time before we can do anything,” clarified the son of the presidential candidate.
According to him, it is about “a larger type of platform,” which is significantly different from a meme coin.
Earlier, ForkLog reported that a firm allegedly associated with Donald Trump Jr. and his brother Barron, AMG Software Solutions, filed trademark applications for the terms Be DeFiant, World Liberty, and World Liberty Financial.
The latter brand is intended for “providing financial information in the field of decentralized finance.”
Back in April, Republican presidential candidate Donald Trump spoke at the Bitcoin 2024 conference, during which he raised $25 million for his election campaign.
Previously, Bloomberg noted the hopes of crypto companies for his presidency. According to the agency, bitcoin miners and other firms would benefit from his second term.