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Is Donald Trump Jr.’s ‘huge’ announcement a RWA project?
Daily Cryptex - Crypto News, Articles and Insights > Crypto News > Donald Trump Jr. Teases Major Announcement on RWA Project
Crypto NewsDecentralized Finance (DeFI) News

Donald Trump Jr. Teases Major Announcement on RWA Project

Burhaan Al Amin
Last updated: August 7, 2024 5:01 pm
Burhaan Al Amin Published August 7, 2024
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Donald Trump Jr. and Eric Trump, former U.S. president Donald Trump’s sons, have teased a “huge” announcement, suggesting it could involve real-world assets.

Both Trump Jr. and Eric hinted at a new decentralized finance (DeFi) development, bolstering Trump’s crypto-friendly stance at Bitcoin (BTC) 2024. Trump pledged never to sell the U.S. government’s Bitcoin, supporting a U.S. Bitcoin reserve and unveiled limited-edition Bitcoin sneakers.

What have Trump’s sons said?

In a post on X, Donald Trump Jr. said crypto should be ready for an announcement that will “shake up” the ecosystem. Meanwhile, Eric noted he had “truly fallen in love with crypto/DeFi” and hinted at a significant development.

Remember the Donald Trump coin with the DJT ticker symbol? It had no links to Trump but was a debacle. Some commentators hope the new move isn’t another meme coin.

Others caution against new crypto projects before Trump reforms the U.S. Securities and Exchange Commission.

Is it a real-world assets project?

The crypto community speculates, with Steven ‘aka Dogetoshi’ suggesting the announcement could relate to real-world assets. A post by Steven identifies connections suggesting this possibility.

A real estate tycoon and trademarks

Steven connects real estate magnate Steve Witkoff, who shared the same hashtag as Trump Jr. in a post on X, suggesting a game-changing DeFi project.

Apart from Trump Jr. and Eric, Witkoff also follows Chase Hero, a crypto influencer linked to Subify, an OnlyFans rival connected to AMG Software Solutions.

Steven theorizes they might launch an RWA tokenized project with Hero to allow people to buy tokenized shares of Trump’s buildings. Hero’s involvement with Subify connects him to AMG, which filed trademark applications related to hashtags used by Trump Jr. and Witkoff.

The trademark applications include “World Liberty,” “Be DeFiant” and “World Liberty Financial.”

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