A relatively unknown UAE-based crypto fund, Aqua 1 Foundation, has invested $100 million in World Liberty Financial Inc. (WLFI) tokens, becoming the platform’s largest individual backer. WLFI, a decentralized finance (DeFi) project affiliated with the Trump family, confirmed the deal in a joint statement. The investment surpasses that of Justin Sun, a well-known crypto entrepreneur and current adviser to WLFI.

Earlier this year, MGX, a firm backed by Abu Dhabi’s sovereign wealth fund, also engaged with WLFI by using its USD1 stablecoin to facilitate a $2 billion investment in Binance. These ties between Middle East investors and Trump-linked ventures have raised concerns about potential foreign influence, though both WLFI and the Trump administration deny any conflicts of interest.

Blockchain records show that the wallet aqua1.eth received 800 million WLFI tokens in three separate transactions. The funds are expected to support blockchain-based financial innovations such as stablecoins and tokenized assets. Currently, WLFI’s only active product is USD1, its dollar-backed stablecoin valued at around $2.2 billion.

Additionally, World Liberty will help launch the Aqua Fund, an investment initiative led by Aqua 1 and other unnamed UAE partners. Dave Lee, Aqua 1’s founding partner, emphasized their joint goal of backing high-potential blockchain projects, a plan confirmed by WLFI representatives.