In June, Aqua1 Foundation from UAE bought $100m of WLFI tokens, linked to Trump crypto empire. Chinese businessman Guren Zhou met Eric Trump in Dubai, under British money laundering investigation. Aqua Labs Investment stated purchase was for advancing digital assets. Zhou denies financial crime, but Financial Times reveals his involvement in dissolved UK flooring firms.

Zhou directed multiple UK flooring companies, dissolved between 2008-2019. Anbo firms, last to dissolve, trace back to Shanghai timber manufacturer founded in 1989. Zhou took over and moved company to UK in 2005. In 2017, Anbo acquired Posh Flooring to expand into Dubai and UAE, later shifting focus to various sectors.

An administrator report in 2018 showed Anbo’s declining sales in interior design industry, prompting expansion into other sectors. Anbo website details expansion into global banking, technology, medical, biotech, metaverse, and entertainment. Transition to cryptocurrency sector led to $100m investment in Trump-backed WLFI token, now valued at $4.1Bn.

WLFI token market cap is $4.1Bn, 42nd largest by market cap with $246m daily trading volume. Aqua1’s link to Trump crypto empire through Zhou’s flooring business expansion showcases a unique evolution from hardwood flooring supplier in the UK to major crypto investor.

Read more at Yahoo Finance: The Trump Crypto Empire and its Curious Links to a UK-Based Flooring Company