World Liberty Financial (WLFI) is set to introduce its foreign currency exchange and remittance services, named World Swap, aiming to disrupt traditional providers with competitive fees and an easy-to-use interface. This announcement comes as the global FX trading volume exceeded $9.6 trillion in April 2025, while personal remittances reached over $892 billion in 2024, indicating a substantial market opportunity.
WLFI's expansion follows its earlier efforts, including an application for a national trust bank charter in January and the inception of World Liberty Markets, a lending platform. The company is under scrutiny from Democratic lawmakers due to its foreign investment ties. In a report from January, it was revealed that Aryam Investment 1, an investment vehicle from the UAE, acquired a 49% stake in WLFI for $500 million just before President Trump’s inauguration.
Concerns have been raised regarding transparency and public trust, prompting Democratic Representative Ro Khanna to initiate a probe into the investment. Trump has distanced himself from the transaction, stating that his family manages the investment dealings. The issue was addressed during a recent US House Committee on Financial Services hearing, where lawmakers expressed their apprehensions about WLFI's activities.