Alt5 Sigma Corp., a Las Vegas-based company that once specialized in chronic pain treatments, has shifted its focus entirely to finance and digital assets. The company announced on Monday that it plans to raise as much as $1.5 billion through a private placement of shares, with the proceeds earmarked for purchasing World Liberty Financial tokens, a cryptocurrency closely tied to the Trump family.
The fundraising effort is expected to close on Tuesday and is being led by World Liberty Financial itself, along with several crypto-focused venture capital firms. In connection with the deal, Eric Trump, who co-founded World Liberty Financial, will join the Alt5 Sigma board, while Zach Witkoff, another co-founder and son of real estate investor and presidential envoy Steve Witkoff, will serve as chairman.
The transaction underscores how quickly the Trump family has embedded itself in the crypto sector during Trump’s second presidential term. The family collectively owns forty percent of World Liberty Financial’s parent company and holds billions of tokens. Donald Trump Jr. and Barron Trump are both listed as co-founders, while President Trump and Steve Witkoff are named as co-founders emeritus.
For Alt5 Sigma, the move is a dramatic departure from its biotech roots. The company, formerly known as JanOne Inc., had already begun its pivot last year by rebranding into a fintech player. By purchasing and holding a vast supply of World Liberty Financial tokens inside a publicly traded company, Alt5 Sigma would allow ordinary investors to gain exposure to the Trump-linked cryptocurrency through the stock market, bypassing the need for traditional exchanges.
The strategy mirrors the path taken by MicroStrategy, which accumulated more than $75 billion in Bitcoin and transformed itself into a de facto Bitcoin investment vehicle. In much the same way, Alt5 Sigma could turn into a proxy for World Liberty Financial, enabling stock market investors to speculate on the fortunes of Trump’s token. This approach has already been echoed by other firms, such as a small toy manufacturer that announced earlier this year it would begin stockpiling Tron, a token created by crypto entrepreneur Justin Sun, who also advises World Liberty Financial.
The Trump family’s influence in the digital asset space has expanded rapidly. A Trump-themed memecoin launched on inauguration weekend has already added hundreds of millions of dollars to Trump’s net worth. Trump Media & Technology Group, the parent company of Truth Social, is preparing to introduce Bitcoin exchange-traded funds, while Eric Trump has co-founded a Bitcoin mining venture with Hut 8 Corp., a deal that could make his stake worth more than $350 million.
Alt5 Sigma’s $1.5 billion fundraising effort adds further ballast to the Trump family’s crypto footprint but also invites political scrutiny. Congressional Democrats have accused World Liberty Financial of blurring the line between presidential power and private profit. Even some Senate Republicans have raised concerns, particularly over high-profile gatherings organized for wealthy holders of Trump-linked tokens. Critics argue that the rapid intertwining of political influence and crypto investments risks creating conflicts of interest, even as supporters hail it as an innovative way to strengthen America’s position in the blockchain economy.
Despite the political noise, investors appear intrigued. Alt5 Sigma’s shares slipped 3.6 percent to $8.70 in New York trading on Tuesday morning, but the stock is still up more than seventy-five percent so far in 2025, reflecting market enthusiasm for its fintech pivot and alignment with high-profile crypto ventures.
If the fundraising succeeds, Alt5 Sigma could emerge as a publicly traded proxy for World Liberty Financial, anchoring Trump’s digital asset strategy in the heart of Wall Street. The move illustrates not only how crypto continues to reshape financial markets but also how the Trump family is leveraging its political influence to cement a powerful position in the rapidly growing digital asset economy.
