According to The Wall Street Journal, the Trump family’s crypto project World Liberty Financial previously gained control of AI Financial (formerly Alt5 Sigma) using WLFI tokens. AI Financial then raised $750 million to buy more WLFI. Currently, AI Financial is in talks with the Tokyo blockchain company Perpetuals com about selling its core payments business for up to $15 million. The relevant terms have not yet been finalized, and the deal may change or may not be completed.

The payments business generated $25 million in revenue last year, and it is AI Financial’s only revenue-generating business. Since then, WLFI has fallen 70%, and AI Financial’s share price has dropped by more than 90% since the related transaction, with a market capitalization of about $80 million. However, under World Liberty’s token sale arrangements, the Trump family is entitled to 75% of the WLFI sales revenue, and AI Financial’s purchase of WLFI brought it about $540 million in cash income.

Perpetuals com has also agreed to explore providing World Liberty’s USD1 stablecoin to European investors and to license its trading engine to AI Financial.