Trump-linked World Swap to link crypto venture with global FX rails

The company said World Swap is designed to handle currency conversion and remittances at lower fees than traditional providers, targeting a market Folkman described as exceeding $7 trillion in annual FX activity. The company framed the product as an effort to streamline transfers that can carry high spreads and service charges when routed through incumbent financial channels.

The product announcement arrives as World Liberty Financial’s existing stablecoin-linked lending business scales quickly. Folkman said the venture’s lending arm, World Liberty Markets, has processed about $320 million in loans and more than $200 million in borrowings in roughly four weeks, after launching with its USD1 stablecoin.

World Liberty Financial did not publish technical specifications for World Swap at the time of the announcement, including supported corridors, fee schedules by geography, or the full set of banking partners. However, Folkman’s remarks described a model where users would be able to move funds between cards, bank accounts, and the platform’s rails, with FX conversion integrated into the flow rather than treated as a separate step.

The planned expansion builds on USD1’s role inside the project’s broader product suite. In January, World Liberty’s trust-company affiliate WLTC Holdings said it submitted an application for a U.S. national trust bank charter intended to support issuing, custodying, and redeeming USD1 in a federally supervised structure, while also offering digital-asset custody and stablecoin conversion services for institutional clients.

If approved, the trust-bank structure would allow World Liberty to centralize stablecoin issuance and custody operations under a regulated entity, rather than relying entirely on external intermediaries. The filing described a trust-bank framework focused on custody and settlement functions rather than traditional insured deposits and consumer lending, aligning with the way national trust charters are typically positioned.

The venture’s growth has also increased scrutiny because of its association with the Trump family. Ethics experts have raised concerns about potential conflicts of interest given the project’s scale and the fact that U.S. crypto policy is being shaped during Donald Trump’s presidency, while the White House has denied that any ethical conflict exists.

For World Liberty, the Feb. 12 product pitch ties together two themes investors and market participants have been watching: stablecoins as settlement instruments, and consumer-facing rails that connect crypto-native infrastructure to mainstream payment endpoints. The company’s messaging around World Swap emphasized cost reduction for cross-border transfers and the ability to connect directly to card and bank rails, while its internal lending figures were presented as evidence that USD1 is already being used in sizable on-platform activity.