WLFI to Launch World Swap, an FX and Remittance Platform
World Liberty Financial (WLFI), a decentralized finance platform backed by the family of US President Donald Trump, said on Thursday it plans to introduce foreign exchange (FX) and remittance services for its user base.
The forthcoming service, named World Swap, aims to compete with established FX and remittance providers by offering lower fees and a streamlined interface, according to Reuters.
Daily global FX trading volume reached more than $9.6 trillion in April 2025, the Bank for International Settlements reported. The personal remittances market recorded $892 billion in total volume in 2024, according to World Bank data.
No launch timetable was disclosed.
The move into FX and remittances follows WLFI’s January application for a national trust bank charter and the rollout of World Liberty Markets, a lending platform, as the company expands amid heightened scrutiny from US Democratic lawmakers.
World Liberty Financial scrutinized over foreign investment links
In January, the Wall Street Journal reported that a United Arab Emirates–registered investment vehicle acquired a 49% stake in WLFI for $500 million, four days before the Jan. 20, 2025 inauguration. The entity, Aryam Investment 1, is backed by United Arab Emirates National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan.
The report prompted an inquiry by Democratic Representative Ro Khanna. “This is about public trust and transparency,” the California lawmaker said.
Trump said he was not aware of the transaction. “My sons are handling that — my family is handling it,” he said, adding, “I guess they get investments from different people.”
During a US House Committee on Financial Services hearing on Wednesday, Massachusetts Representative Stephen Lynch and California Representative Maxine Waters raised concerns that the arrangement could pose national security risks and create avenues for influence or foreign pay-to-play schemes.
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