Nasdaq-listed AI Financial to acquire advisor's firm for $43M

Nasdaq-listed AI Financial (AIFC), a company with close ties to the Trump family-led DeFi project World Liberty Financial (WLFI), has agreed to acquire asset tokenization firm Blockstreet for $43 million, Fortune Crypto reported. The deal has drawn criticism for potential insider trading, as Blockstreet, founded last October, is owned by AI Financial advisor Matthew Morgan. The company is unrelated to the cryptocurrency of the same name (BSB). AI Financial, formerly Alt5 Sigma, has seen its stock price fall by more than 90% since announcing a name change and plans to accumulate cryptocurrency.