The address scooped up about 342,000 ONDO, the platform's governance token, for $470,000 USDC on the CoW Protocol, according to data from Arkham Intelligence. It first bought ONDO two months ago, worth $245,000 at the time, before sending the tokens to Coinbase Prime earlier this week.

Trump-backed WLFI purchased 342,000 ONDO tokens amid Ondo Finance's blockchain launch, signaling rising institutional interest in tokenized assets.

World Liberty Financial saw a significant development as the company's co-founder, Chase Herro, announced plans to establish a "strategic reserve" using tokens purchased by the firm. This move comes as the decentralized finance (DeFi) project receives notable backing from President Donald Trump and his family.

In an X post, World Liberty Financial denied rumors that it was pursuing “token swaps” with various cryptocurrency projects.

Ondo Finance revealed plans to launch a chain for tokenizing real-world assets, with Donald Trump Jr. appearing at its Thursday event.

Chase Herro, co-founder of President Donald Trump’s DeFi project, World Liberty Financial, said the platform plans on creating a “strategic reserve” with tokens bought.