Trump-backed World Liberty proposes $1.5bn crypto holder, Bloomberg News reports

Co-founded by president's eldest sons, Eric and Don Jr, World Liberty has earned the family $500m since its launch

World Liberty Financial, a crypto venture backed by Donald Trump and the US president's family, is sounding out investors for a $1.5bn fundraising round meant to set up a public company that will hold its WLFI tokens, Bloomberg News reported on Friday.

The structure of the deal is yet to be finalized, the report said, citing people familiar with the matter, adding that large investors in the crypto and tech space had been approached for the venture.