The move represents an effort by the Trump family to capitalize on a recent trend of using either small publicly traded or blank-check companies to let a broader swath of traders gain exposure to cryptocurrencies.
Zach Witkoff, CEO of World Liberty and son of President Donald Trump’s Middle East envoy Steve Witkoff, will become chairman of the board of directors at ALT5 Sigma. Eric Trump, son of the president and cofounder of World Liberty, will also join the board, and Zak Folkman, the crypto company’s COO, will become a board observer.
World Liberty was the lead investor in the raise. Other investors weren’t disclosed. A spokesperson for World Liberty Financial declined to comment.
