What is World Liberty Financial?

World Liberty Financial (WLFI) is a decentralized finance (DeFi) platform launched in September 2024, designed to offer cryptocurrency-based financial services such as borrowing, lending, and earning interest using blockchain technology and smart contracts on Aave's V3 protocol. Supported by Donald Trump and his family, WLFI introduced a governance token, $WLFI, which became tradable in September 2025 following its token generation event (TGE) on September 1, 2025. The platform also launched a stablecoin, USD1, pegged to the U.S. dollar. WLFI aims to enhance financial access for unbanked and underserved communities while promoting U.S. dollar-based stablecoins globally. Its initial coin offering (ICO) ran from January 1, 2025, to January 30, 2025, raising significant capital to expand its ecosystem and user base.

What is WLFI?

The native token of the protocol is WLFI, which operates on the Ethereum blockchain. Its main function is governance, allowing holders to participate in decision-making processes. WLFI holders can vote on protocol upgrades as well as "signaling votes," which guide the overall direction and priorities of the protocol. WIFI has a total supply of 100 billion units, with 24.66 billion units currently in circulation, at the time of this publication.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether WLFI can be supported by Wealthsimple's platform, including whether WLFI is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated WLFI based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of WLFI, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created WLFI;
• The supply, demand, maturity, utility and liquidity of WLFI;
• Material technical risks associated with WLFI, including any code defects, security breaches and other threats concerning WLFI and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with WLFI, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of WLFI; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether WLFI, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to WLFI may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support WLFI.

Like all other crypto assets, there are some general risks to investing in WLFI. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading WLFI. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: September 3, 2025