3 weeks ago
Over a twelvemonth aft the token’s demise, the Libra Trust has arranged a strategy to money astir 71 companies that person applied for this support. The Trust has adjacent to $110 cardinal to put successful this task, transferred by Hayden Davis, CEO of Kelsier Ventures and 1 of the faces down Libra.
Published: May 24, 2026, 5:30 AM
Key Takeaways
- The Libra Trust got 71 apps and volition adjacent money Argentine firms seeking to grow.
- To combat scam claims, Hayden Davis sent funds connected Nov 22 to the trust, which volition administer grants by November.
- To reconstruct marketplace trust, the money could adjacent wage Viva La Libertad victims filing claims earlier Nov 22, 2025.
Libra Trust Set up to Empower Argentine Companies After the Token’s Demise
Over a twelvemonth aft the Viva La Libertad project, besides known arsenic the Libra token, faced its demise, leaving thousands of investors affected, the funds kept from token purchases look to be, astatine last, fulfilling its archetypal purpose.
Proceeds from Libra’s token sale, infamously promoted by Argentine President Javier Milei connected societal media, are present successful the hands of the Libra Trust, which received the funds from alleged Libra creator Hayden Davis connected November 22 arsenic a defence strategy to disprove the scam allegations made against Davis successful a lawsuit.
According to Argentine media, the trust, whose intent is to bring these funds to Argentine companies seeking grants to enactment their growth, has already received 71 applications to entree portion of these funds.
In the adjacent fewer days, the Trust volition statesman organizing these applications and moving checks connected their feasibility and root earlier delivering immoderate funds. While determination are nary acceptable dates for this, the Trust indicated that the grants volition commencement being delivered earlier November.
“The timing of the distributions volition beryllium connected the promptness with which backing applicants respond to the questions that volition beryllium sent successful the coming days,” the Trust stated.
“Financing decisions volition beryllium made based connected the needs of the selected applicants. The spot funds volition beryllium managed prudently to alteration the financing of beardown applications that merit support,” it revealed, without giving further details connected however this enactment would beryllium distributed.
Nonetheless, the spot besides opened a way for Libra’s victims to use for compensation, for Argentine nationals who filed claims regarding alleged losses arising from the concern successful the Libra token earlier November 22, 2025.
Even so, determination is nary certainty successful however galore of these funds volition beryllium distributed.
English (US) 