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Intelligence Synthesis · April 9, 2026
Research Brief
Directed Inquiry: Investigate World Liberty Financial: Search SEC EDGAR for "Form D filings by Trump Organization subs

Directed Inquiry

Question: Investigate World Liberty Financial: Search SEC EDGAR for "Form D filings by Trump Organization subsidiaries 2024-2026". Would reveal if WLF operates as a subsidiary under existing Trump corporate structures. Report any findings as factual claims with dates and evidence.

Date: 2026-04-09

Research Findings

Based on SEC EDGAR filings and public records, World Liberty Financial does not operate as a direct subsidiary of the Trump Organization, but rather through a complex structure of Trump-controlled entities. DT Marks DEFI LLC, described as 'an entity affiliated with Donald J. Trump and certain of his family members,' owns approximately 60% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial, Inc. World Liberty Financial filed its initial Form D with the SEC on October 20, 2024, listing President Trump, Donald Trump Jr., and Eric Trump as affiliated parties. The structure has evolved over time, with the Trump family taking increased control through the creation of WLF Holdco LLC in January 2025, replacing the original co-founders as controlling parties. Additionally, WLTC Holdings LLC, a subsidiary of World Liberty Financial, filed an application with the Office of the Comptroller of the Currency in January 2026 to establish World Liberty Trust Company as a national trust bank, indicating expansion into federally regulated banking services. While not technically a Trump Organization subsidiary, the corporate structure clearly establishes Trump family control through DT Marks DEFI LLC and related entities.

Data Collected

  • Entities created: WLTC Holdings LLC, World Liberty Trust Company, David Wachsman, Mack McCain, Robert Witkoff, Fight Fight Fight LLC
  • Facts recorded: 8
  • Connections mapped: 4
  • Web sources consulted: 30

Sources

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