A fund based in the UAE said on Thursday that it has purchased $100 million of World Liberty Financial tokens, which are part of US President Donald Trump's crypto project.
In a joint statement, Aqua 1 and World Liberty Financial said the investment will help speed up the creation of a blockchain financial ecosystem and stablecoin integration. "We’re excited to work hand-in-hand with the team at Aqua 1,” said Zak Folkman, co-founder of World Liberty Financial.
The purchase makes Aqua 1 one of the largest investors in the Trump family project. The company has also received major backing from crypto billionaire Justin Sun.
Aqua 1 is the second UAE-based firm to back World Liberty Financial in recent months. Abu Dhabi-based technology investment company MGX in May used World Liberty Financial's USD1 stablecoin to make a $2 billion investment in Binance.
“WLFI and Aqua 1 will jointly identify and nurture high-potential blockchain projects together,” said Aqua 1 founding partner David Lee. World Liberty Financial said it also plans to support the launch of the Aqua 1 Aqua Fund, which it said is a UAE-domiciled investment fund dedicated to accelerating the Middle East's digital economy.
Aqua 1 also said it will assist World Liberty Financial to expand across South America, Europe, Asia and emerging markets. Both companies also plan to develop "BlockRock", a real world asset tokenisation platform focused on integrating traditional assets into the Web3 ecosystem.
The National has contacted Aqua 1 for comment.
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
