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Trump-backed World Liberty Financial adds Scroll co-founder as advisor before Monday launch

Trump-backed World Liberty Financial adds Scroll co-founder as advisor before Monday launch

The BlockThe Block2024/09/14 16:00
By:The Block

Quick Take The crypto project teased by former President Trump and his family has added Sandy Peng, co-founder of Ethereum Layer 2 network Scroll, as an advisor. The project is set to launch on Monday following months of teasing from the Trumps.

World Liberty Financial, the crypto project that has been teased for months by former President Trump and his sons Eric and Donald Jr., has announced a new adviser in anticipation of its launch on Monday, September 16. 

Joining advisors such as Dolomite co-founder Corey Caplan will be Sandy Peng, the project announced on X . Peng is a co-founder of Scroll, the Ethereum Layer 2 network which currently ranks six out of all Ethereum L2s in terms of Total Value Locked, according to L2Beat data . 

"Having been in the space since 2013, Sandy brings a wealth of experience as an blockchain investor and operator, scaling an open source project for social and economic impact to 2B dollars valuation in 3 years," the project wrote. 

The announcement comes just one day before the much-hyped crypto project is set to launch on Monday September 16 at 8 p.m., according to former President Trump . "We're embracing the future with crypto and leaving the slow and outdated big banks behind," Trump said in a video posted to his X account. 

President Trump on Sunday was golfing when shots were reportedly heard nearby. "There were gunshots in my vicinity, but before rumors start spiraling out of control, I wanted you to hear this first: I AM SAFE AND WELL!," the presidential candidate said in an update. 

While specific details surrounding World Liberty Financial remain scarce, a leaked whitepaper  indicated that the project will be built on decentralized finance platform Aave and the Ethereum blockchain and center around a "credit account system." The project has also indicated that security is a top concern , while promoting the adoption of stablecoins is one core goal. 


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