Key Takeaways
- World Liberty restricts U.S. token sales to $30 million.
- Nearly 90% of the $288.5 million token offering targets non-U.S. investors.
- The project utilizes SEC exemptions Regulation D and Regulation S.
World Liberty Financial, a decentralized finance (DeFi) venture linked to former U.S. President Donald Trump, plans to limit its U.S. token sales to $30 million, directing nearly 90% of its $288.5 million offering to international investors.
According to a recent regulatory filing, World Liberty’s U.S. investors currently number fewer than 350. The company, incorporated in Delaware and operating out of Puerto Rico, aims to take advantage of an exemption, Regulation D, for its domestic token sales.
Regulaton D
Under Regulation D, U.S. companies can raise funds from accredited investors—institutions or individuals with a net worth over $1 million (excluding primary residence).
This exemption also requires the firm to submit a public notice with details such as funds raised and participating investors. As of now, World Liberty has raised $2.7 million from 348 accredited U.S. investors.
Regulation S
World Liberty intends to use Regulation S, a separate exemption, to offer tokens to non-U.S. investors, enabling a broader, less restricted fundraising campaign abroad.
Regulation S allows for international sales with fewer regulatory requirements than those imposed on U.S. sales.
Efforts
The company’s promotional efforts include Donald Trump and his sons, though their involvement is described as “informational” rather than official. World Liberty’s token sale follows Trump’s recent launch of his fourth NFT collection.
