AI Financial — the company formerly known as Alt5 Sigma and linked to the Trump family’s World Liberty crypto project — is reportedly in talks to sell its core payments unit for up to $15 million, according to a Wall Street Journal report and a filing from Tokyo-based blockchain firm Perpetuals.com.
What’s on the table
- The asset under discussion is Alt5 Sigma Canada, a payments subsidiary owned by AI Financial. Perpetuals.com disclosed in a July 7 filing that it has signed a non-binding term sheet to explore the acquisition, stressing that “no decisions have been made” and that it is conducting due diligence before any final agreement.
Why this is notable
- The potential sale would mark a dramatic turnaround for AI Financial. Less than a year ago the company leaned heavily into World Liberty Financial — the project behind the WLFI governance token and a USD1 stablecoin — making WLFI central to its balance sheet and growth narrative.
The WLFI exposure and fallout
- Reports from August 2025 show World Liberty Financial invested 7.5% of the total WLFI token supply into Alt5 Sigma’s $1.5 billion capital raise. AI Financial later raised roughly $750 million to buy additional WLFI tokens. After those purchases, WLFI’s price plunged about 70%, a collapse that helped send AI Financial shares down by more than 90% and slashed the company’s market value to roughly $80 million.
- The share-price crash and WLFI losses reportedly strained AI Financial’s finances and removed much of the upside the company had promoted through its World Liberty affiliation.
Trump family connections and proceeds
- World Liberty Financial remains closely tied to the Trump family. Public disclosures and reporting indicate 75% of WLFI token sale proceeds are directed to DT Marks DEFI LLC, an entity controlled by Trump-related interests. AI Financial’s WLFI purchases are reported to have generated about $540 million in cash for Trump-related entities, and a 2025 financial disclosure showed more than $1.4 billion in crypto-related income linked to the family — outpacing earnings from traditional assets such as real estate and resorts. The White House has previously disputed conflict claims, while critics and lawmakers have called for tighter rules around officeholders and crypto-linked ventures.
Perpetuals’ angle and caveats
- Perpetuals.com described Alt5 Sigma Canada as a profitable business that could fit into its roadmap, which emphasizes AI-powered trading products and prediction markets. But the company has been clear the term sheet is exploratory; no binding purchase agreement exists and due diligence and board approvals remain necessary.
What to watch
- For AI Financial, a sale would remove one of its core operating units and reshape what’s left of the business after heavy WLFI exposure. Any deal will hinge on final price, diligence outcomes, board sign-off and binding contractual terms. Regulators, investors and observers will also be watching how the Trump-linked proceeds and past WLFI transactions influence scrutiny around the transaction.
Bottom line
- The talks underscore how rapid crypto swings and concentrated token exposure can upend a company’s strategy — and how traditional M&A and emerging crypto ambitions are colliding in deals tied to high-profile political connections.
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