World Liberty Financial, a cryptocurrency venture supported by the family of U.S. President Donald Trump, announced on Thursday that it intends to introduce a forex remittance platform focused on making cross-border transfers simpler and more affordable.
World Liberty Financial Plans “World Swap” FX Platform
Speaking at the Consensus Web3 conference in Hong Kong, co-founder Zak Folkman said the upcoming product—named World Swap—will connect users directly with bank accounts and debit cards across different countries. This setup aims to help people complete foreign exchange and international remittance payments at lower costs than those commonly charged by banks and traditional money transfer services.
Folkman noted that enormous amounts of money move between currencies globally, and he argued that existing systems often take large fees because of established middlemen.
Built Around DeFi and the USD1 Stablecoin
World Liberty Financial says it is building World Swap as part of its bigger shift into decentralized finance (DeFi), supported by its USD1 stablecoin, which launched last year.
Folkman also mentioned early activity on the company’s lending platform, World Liberty Markets, stating that it has already facilitated around $320 million in lending and over $200 million in borrowing since going live roughly four weeks ago.
Expansion Into Global Payments and Remittances
With World Swap, World Liberty Financial is positioning itself to enter the global payments and remittance sector—an area still dominated by legacy banks and major transfer providers that often involve higher fees and longer settlement times.
Earlier reporting has indicated that the Trump family’s business, the Trump Organization, has earned significant revenue tied to World Liberty’s operations, including income connected to foreign entities. As a result, some ethics specialists have raised concerns about possible conflicts of interest, while the White House has stated that no conflict is present.
The company has not yet shared a confirmed launch date or full pricing details. Even so, the announcement signals a clear intention to compete directly with established players in the global remittance market.
