AI Financial, formerly known as Alt5 Sigma, is in talks to sell its core payments business to Tokyo-based blockchain firm Perpetuals.com. The Wall Street Journal reported that the deal could be worth up to $15 million.
Summary
- AI Financial may sell Alt5 Sigma Canada after WLFI losses wiped out most shareholder value.
- The possible deal remains non-binding, with Perpetuals.com still reviewing terms and due diligence.
- Trump-linked World Liberty remains under scrutiny as crypto.news reports rising political and ethics questions.
The possible sale would cover Alt5 Sigma Canada, a payments subsidiary owned by AI Financial. Perpetuals.com said in a July 7 filing that it had signed a non-binding term sheet to explore the acquisition.
The filing said, “No decisions have been made,” while Perpetuals.com reviews the business. The company also said it is carrying out due diligence before any final agreement.The talks mark a sharp turn for AI Financial. Less than a year ago, the company became tied to World Liberty Financial, the Trump-linked crypto project behind the WLFI token and USD1 stablecoin.
WLFI deal weighs on AI Financial shares
AI Financial’s earlier deal with World Liberty made WLFI a central part of its balance sheet. crypto.news reported in August 2025 that World Liberty Financial invested 7.5% of the total WLFI token supply in ALT5 Sigma’s $1.5 billion capital raise.
The company later raised about $750 million to buy more WLFI tokens. After the transaction, WLFI fell about 70%, according to the WSJ report cited by Wu Blockchain.
AI Financial’s shares also dropped more than 90%, leaving the company with a market value near $80 million. The decline placed pressure on a company that had promoted its World Liberty link as part of a wider crypto payments plan.
The WSJ report said AI Financial also faced losses tied to the fall in WLFI holdings. The proposed sale would remove one of the company’s main operating businesses if the parties reach a final deal.
Trump-linked proceeds face renewed attention
World Liberty Financial remains closely tied to the Trump family. crypto.news reported that the project issues the WLFI governance token and the USD1 stablecoin, and that it made up a large share of Trump’s reported crypto income in 2025.
The WSJ report said the Trump family is entitled to 75% of proceeds from WLFI token sales. It also said AI Financial’s WLFI purchases generated about $540 million in cash for Trump-related entities.
crypto.news also reported that Trump’s 2025 financial disclosure showed more than $1.4 billion in crypto-related income. The report said crypto earnings outpaced income from real estate, golf and resort businesses that year.
The White House has denied conflict claims in earlier coverage. Critics, including Democratic lawmakers and public interest groups, have called for tighter rules around officeholders and crypto-linked businesses.
Perpetuals.com review keeps deal uncertain
Perpetuals.com has not agreed to a final purchase. The company said the term sheet is exploratory and that due diligence is still underway.
Its filing identified Alt5 Sigma Canada as a profitable AI Financial subsidiary. Perpetuals.com said the possible deal could fit its product roadmap, which includes AI-powered trading products and prediction markets.
Earlier report in June indicated that World Liberty was nearing possible OCC trust bank approval while facing conflict concerns. That report also noted public disclosures showing that 75% of WLFI token sale proceeds go to DT Marks DEFI LLC, an entity controlled by Trump.
For AI Financial, the sale talks place new focus on what remains of its business after the WLFI bet. Any final outcome will depend on price, due diligence, board approval and whether both companies sign binding terms.
