Skip to content
The investment vehicle for World Liberty Financial’s crypto token WLFI is in talks to sell subsidiary Alt5 Sigma Canada to Tokyo-based Perpetuals.com. (The Logic)
Talking point: Alt5 Sigma Canada, which has offices in Toronto and Montreal, has been on a wild ride since merging with Trump family venture World Liberty Financial last year. Since then, it suspended its CEO, disclosed it was found criminally liable for money laundering in Rwanda and reportedly channelled more than half a billion dollars to the Trumps, despite WLFI losing about 60 per cent of its value since the beginning of the year and the company’s stock slumping by more than 50 per cent over the same period. Despite all that, Perpetuals.com said in a release that Alt5 Sigma Canada is profitable. The White House denies that the Trump family’s assets and business dealings constitute conflicts of interest. AI Financial is discussing selling Alt5 Sigma Canada for US$15 million, The Wall Street Journal reported, citing a source and company documents.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canada’s middle-market challenge looms large as global investors descend
Briefing
Cohere’s Gomez says Silicon Valley giants shouldn’t get to set the rules for AI
TD pledges $150B in new financing and support in key Canadian sectors
Scotiabank commits more than $100B to fund Canadian businesses
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
