World Liberty Financial, a decentralized finance (DeFi) project co-founded by Chase Herro, is set to establish a “strategic reserve” using tokens it acquires.

The address scooped up about 342,000 ONDO, the platform's governance token, for $470,000 USDC on the CoW Protocol, according to data from Arkham Intelligence. It first bought ONDO two months ago, worth $245,000 at the time, before sending the tokens to Coinbase Prime earlier this week.

World Liberty Financial plans to create a “strategic reserve” with the crypto tokens it has purchased, according to a Bloomberg report.

The co-founder of World Liberty Financial has said that the DeFi project plans to create a “strategic reserve” with the tokens it buys.

World Liberty Financial co-founder discloses that the platform could launch a strategic reserve with the acquired digital assets including Ondo.

Chase Herro, co-founder of President Donald Trump’s DeFi project, World Liberty Financial, said the platform plans on creating a “strategic reserve” with tokens bought.