Eric Trump Disassociates from World Liberty Coin Stockpiling Fintech
Eric Trump, the second son of President Donald Trump, has reportedly severed his ties with a fintech firm that had amassed a considerable amount of crypto tokens for the Trump family’s firm, World Liberty Financial. This development comes amid increasing scrutiny of the Trump family’s engagements in crypto dealings and World Liberty Financial’s pursuit of a national trust bank charter.
Eric Trump’s name was conspicuously absent from the board of the fintech firm, previously known as ALT5 Sigma Corp and recently renamed AI Financial Corporation. This unexplained removal could have significant implications as the Trump family continues to navigate the complex landscape of cryptocurrency.
Eric Trump’s Departure from AI Financial Corporation
As per the Wayback Machine archives, Eric Trump was listed on ALT5 Sigma Corp’s board as a “strategic advisor and observer” until March of the current year. However, by late April, his name had been removed from the board’s list. This news was initially reported by Bloomberg.
The company, which recently rebranded itself as AI Financial Corporation and changed its Nasdaq ticker symbol to AIFC, has not mentioned Eric Trump’s name among its executive leadership either on its website or its amended SEC form filed on Tuesday. AI Financial Corporation has yet to make a statement explaining the removal or respond to requests for comments.
AI Financial Corporation’s Crypto Investments
AI Financial Corporation, formerly ALT5 Sigma Corp, transitioned from a biotech firm to a digital asset fintech and announced a $1.5 billion investment in accumulating World Liberty Financial tokens in August last year. According to an SEC filing, this led to AI Financial Corporation holding approximately 7.5% of the global supply of World Liberty Financial tokens.
World Liberty Financial, a company backed by the Trumps, was established shortly before Donald Trump’s re-election for a second term as President of the United States in October 2024. Besides issuing digital assets, the company is among several fintech and digital asset companies that have applied for a national trust bank charter this spring.
The Financial State of AI Financial Corporation
Shares of ALT5, traded under the ticker ALTS before the recent change, have dropped approximately 90% in value since the announcement of its investment in World Liberty’s tokens. Furthermore, ALT5 suffered a loss of over $341 million in its last fiscal year, as per its most recent annual earnings report.
The company stated in its 10-K filing that it had incurred recurring losses from operations, raising doubts about its ability to continue operations within the next year. However, the management expressed confidence in its holdings of approximately 7.3 billion World Liberty Financial tokens, valued at roughly $1.05 billion as of December 27, 2025. Despite this, they acknowledged significant market price risk and the uncertainty of the tokens retaining their current value.
Eric Trump’s Role in the Company
Eric Trump’s role in the company has changed over time. He was initially announced as a board director alongside fellow World Liberty co-founders Zachary Witkoff, the son of presidential envoy Steve Witkoff, and Zak Folkman. However, he was reassigned to the role of advisor and observer for ALT5 last fall.
The company’s recent shift in strategy towards AI and tokenization is not its first. Originally operating under the name JanOne Inc. in the appliance recycling and opioid alternatives sector, it became ALT5 Sigma Corporation in 2024. It subsequently spun off its biotech operations to a separate division called Alyea Therapeutics Corporation.
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