Trump-linked WLFI’s Zak Folkman teases World Swap at Consensus in Hong Kong

TLDR

• WLFI co-founder Zak Folkman teased a forex product called World Swap at Consensus Hong Kong.
• World Swap is planned as part of WLFI’s USD1 stablecoin ecosystem.
• Folkman cited remittance fees of 2% to 10% as a target for competition.
• WLFI said more World Swap details will be shared at an event at Mar-a-Lago.

World Liberty Financial, a Trump-family-linked crypto project, signaled a new product at Consensus Hong Kong. Co-founder Zak Folkman teased a planned foreign exchange platform called World Swap. The announcement adds to a growing list of services tied to the project’s USD1 stablecoin. Folkman said more information will be shared later at an event at Mar-a-Lago.

Teaser shared during Consensus Hong Kong remarks

Folkman introduced World Swap while speaking on stage at Consensus Hong Kong. He framed it as a forex platform that will connect to WLFI’s broader stablecoin plans. He did not provide a launch date or full product details during the session. He said the company plans to reveal more soon at a Mar-a-Lago event.

Folkman described a goal of reducing user friction in cross-border transfers. He said the company wants to “abstract away” wallet and transfer complexity. He compared the intended experience to common payment apps. He also said the service aims to help users send and receive digital dollars more easily.

Focus on fees in cross-border remittances

Folkman positioned World Swap against traditional remittance providers. He said those firms often charge fees that range from 2% to 10% per transaction. He linked that fee range to the need for simpler and cheaper options. He said the new platform is meant to support cross-border use cases.

The company presented the product as part of a broader attempt to compete on cost. It also framed the product as a way to simplify transfers for non-expert users. Folkman did not claim specific pricing for World Swap. He also did not describe which corridors or countries will be served first.

USD1 stablecoin remains central to the product stack

WLFI’s product plans were presented as orbiting its USD1 stablecoin. Folkman said USD1 is designed to be dollar-pegged and backed by cash and cash equivalents. He described USD1 as the base layer for other offerings. World Swap was presented as one of several products that will expand USD1 usage.

Folkman also referenced partnerships with decentralized finance protocols. He said those ties are intended to increase USD1 utility across crypto markets. He did not name every partner during the remarks. He also did not provide reserve breakdowns during the on-stage discussion.

Lending platform rollout and trademark activity

Folkman also spoke about World Liberty Markets, a lending platform. He said it has attracted hundreds of millions of dollars in deposits within weeks. The deposits figure was presented as early traction for the ecosystem. It also supports the claim that WLFI is building multiple services around USD1.

Separately, online observers noted recent trademark activity tied to World Swap. Crypto users had said AMG Software Solutions LLC registered trademarks related to the name. AMG Software Solutions LLC is described as Puerto Rico-based and as owning WLFI’s intellectual property. WLFI has not yet shared detailed public documentation on World Swap.

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