Crypto Market Maker DWF Labs has expanded its footprint to the US with the launch of a new office in New York City.
The company also disclosed a $25 million purchase of governance tokens from World Liberty Financial (WLFI), a defi platform inspired by former President Donald J. Trump.
The expansion is part of DWF Labs’ broader growth strategy aimed at strengthening institutional relationships, hiring US-based talents and becoming more direct involved with regulators and academic institutions.
The company has revealed that they have a deeper commitment to the country’s growing digital assets market. The company says the move is also positioning it to drive the liquidity and adoption of Stablecoin initiatives like USD1, which WLFI is actively building in its ecosystem.
“The US is the world’s largest single market for digital asset innovation,” said Andrei Grachev, managing partner at DWF Labs. “Our physical presence reflects our confidence in America’s role as the next growing region for the adoption of institutional cryptography.”
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WLFI Governance
With the acquisition of DWF Labs’ WLFI tokens, it is engaging in protocol governance and highlights its interest in projects aimed at actual use cases.
The company plans to support WLFI’s USD1 Stablecoin by providing liquidity through existing infrastructure across its centralized and distributed platforms.
“We believe Crypto will transform and improve global finance,” said Zak Folkman, co-founder of WLFI. “As our partner, DWF Labs hopes to help accelerate the next generation of infrastructure we actively build.”
Strategic investment and expansion arise as stubcoins gain traction among institutional players seeking more transparent in the field of definition and Fiat referenced tools.
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