The plan comes from Alt5 Sigma Corp., a Las Vegas-based business that only recently left its biotechnology roots behind.
The company aims to raise as much as $1.5 billion by selling shares to private investors, then use the capital to buy large quantities of World Liberty Financial tokens — a digital currency backed by several members of the Trump family and close business allies.
Under the arrangement, Eric Trump will join Alt5 Sigma’s board, while Zach Witkoff, whose family co-founded the token project, will take over as chairman.
Once the transaction is complete, the firm will effectively serve as a public-market proxy for holding the cryptocurrency — a strategy that mirrors how some companies have turned themselves into vehicles for Bitcoin accumulation.
The Trump family has been expanding its crypto footprint at high speed since the start of the president’s current term. Initiatives ranging from a meme coin launched on inauguration weekend to large-scale Bitcoin mining partnerships have added hundreds of millions to Trump’s personal fortune, according to Bloomberg estimates.
World Liberty Financial, although absent from major exchange listings, has already built a massive supply under its control, with a Trump-linked company owning nearly half of its parent organization.
Not everyone in Washington is celebrating the project’s success. Democratic lawmakers have raised alarms over potential conflicts between public office and private enrichment, while some Senate Republicans have hinted at unease with the optics of mixing presidential branding and speculative assets. Still, interest from crypto venture capital and other private investors has kept momentum strong.
Alt5 Sigma’s pivot away from its original biotech focus only began last year, but the move into blockchain-based financial services has been aggressive. If the deal closes as expected, it will place the firm at the heart of one of the most politically charged cryptocurrency ventures on record — and could test how far investors are willing to go when politics and digital assets collide.
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