The "Taiwan Links the World: Mastering" held in Taipei in July 2025 Web3 At the "Revolutionary Wave" International Industry Summit, Zach Witkoff, as a co-founder of World Liberty Financial (WLF), elaborated on the company’s grand mission. The Trump family holds 60% of the company’s shares.
This 32-year-old entrepreneur brings a unique perspective to the cryptocurrency industry with his diverse background spanning real estate, culture, and politics, positioning WLF and its stablecoin USD1 as a key infrastructure for future global business.
From real estate to the encryption world, the career trajectory of cross-border players.
Before entering the cryptocurrency space, Zach Witkoff worked as a project manager at his father’s New York real estate firm, Witkoff Group. In 2020, he took over the family office and, according to his LinkedIn profile, he began to "focus on blockchain."
He co-founded World Liberty Financial with his father and others in September 2024 (seven weeks before the presidential election). Zach does not view his career as a series of independent ventures, but rather as a continuous effort to create systems that can shape the way people live, trade, and trust.
He explained, "Whether it’s real estate or encryption, the core is about building infrastructure." His experience in the real estate sector taught him how to construct complex debt and equity transactions, and understand the interplay between capital and the scale of entities.
World Liberty Financial and USD1 stablecoin
World Liberty Financial has issued a cryptocurrency called USD1, which is pegged to the US dollar, aimed at helping businesses and individuals transfer funds across borders outside of the banking system. According to individuals who have collaborated with the company, it has been marketing the token to foreign governments eager to improve relations with the United States.
The company’s founding aims to fill a key gap in the market: despite institutional investors being deeply interested in encryption, the existing infrastructure still fails to meet their needs in terms of security, transparency, and compliance readiness.
Zach Witkoff articulated that their vision is to create a trustworthy digital dollar that can operate at an institutional level while maintaining high levels of transparency and programmability.
The unique competitive advantage of USD1
When asked how WLF’s stablecoin USD1 differs from mature competitors like Circle’s USDC, Witkoff emphasized several key factors.
First is independence: unlike competitors that are bound by obligations to large enterprises, WLF operates with greater independence, which gives it more flexibility and growth potential.
Secondly, there is ultimate transparency: WLF is integrating with Chainlink to provide instant on-chain proof of reserves. Zach emphasized, "At any point in time, at any second of the day, you can verify our proof of reserves."
In addition, the design of USD1 aims to operate seamlessly across multiple blockchains and integrate with corporate treasury and payment tools. Zach also specifically pointed out that a strong culture is forming around this stablecoin, "there has never been a stablecoin that truly has a ‘culture’ before."
The Trump family’s intertwining of politics and business
The Trump family has a close relationship with World Liberty Financial, holding 60% of the company’s shares and expected to receive tens of millions of dollars in annual profits.
Zach Witkoff, during a pitch call with a cryptocurrency company, compared Trump to a "Godfather" and stated that World Liberty would fully leverage the increasingly friendly changes in U.S. cryptocurrency regulatory policies. However, a company spokesperson denied Zach’s claim that Trump was referred to as a Godfather, pointing out that Witkoff is Jewish and does not have a Godfather.
Zach’s father, Steve Witkoff, is a longtime friend of Trump and has been appointed as a special envoy to the Middle East. The parallel transactions between this father and son in the UAE vividly illustrate how the business efforts of World Liberty Financial intertwine with government affairs.
Global Expansion and Market Positioning
Zach Witkoff regards Asia as a key market, describing it as "one of the most vibrant and forward-thinking regions in the world." He positions USD1 as a bridge currency to facilitate trade and payments in the region, enabling users to more easily access trustworthy dollars without replacing local currencies.
World Liberty Financial’s business has been booming in recent years. Thanks to cooperation with the UAE, USD1 became the world’s fifth-largest stablecoin by market capitalization just one month after its launch. Binance has also listed USD1 for trading, which significantly boosted the demand for this token.
In addition to Asia and the Middle East, Zach Witkoff’s advisors and colleagues also met with the Malaysian Foreign Minister and Prime Minister, as well as the President of Kyrgyzstan, and spoke at a cryptocurrency conference in Moscow attended by the Deputy Minister of Finance of Russia, showcasing their ambition for a global footprint.
Regulatory Response and Future Outlook
Speaking about the recent legislative efforts in the United States, Zach Witkoff welcomed the push for a clear regulatory framework. He believes this is a turning point, not just for the United States, but for the entire world.
"What everyone in the encryption industry has always wanted is clear rules of the game. We are not cowboys in the Wild West; we want to operate within the rules." He said.
He also clarified that the goal of stablecoins is not to replace banks, but to enhance their efficiency. "The focus is on making banks faster, smarter, more efficient, and better at serving customers." Stablecoins will become the "invisible infrastructure" driving cross-border payments and capital flows.
As a final suggestion, Zach encouraged innovators and regulators in Taiwan and around the world to take decisive action, urging: "You don’t need to wait for everything to be perfectly clear; you just need to establish a collaborative and innovation-friendly framework."
Future Outlook
Zach Witkoff’s World Liberty Financial has outlined a broader plan that goes beyond stablecoins. They plan to expand into a more comprehensive programmable financial platform, covering asset issuance, cross-border foreign exchange, and enterprise-level capital flow tools.
This position, located at the intersection of traditional finance and the encryption world, is quietly reshaping the infrastructure landscape of global finance together with the Trump family.
