Trump-Linked Fintech’s $15m Asset Sale Exposes World Liberty Ties Under Strain

Perpetuals.com Ltd (Nasdaq: PDC) has signed a non-binding term sheet to explore the acquisition of Alt5 Sigma Canada Inc, the profitable Canadian subsidiary of AI Financial Corporation (Nasdaq: AIFC), a fintech firm with close financial ties to the Trump family’s World Liberty Financial venture. The disclosure, made on 7 July, comes as AI Financial has told investors there is serious doubt about its ability to continue operating for another year.

Should the transaction proceed, it could be worth up to $15 million, according to Cryptopolitan, though no price has yet been agreed. The prospective deal underscores how quickly a company entangled in crypto-industry politics can move from strategic partnership to distress sale, raising questions for regulators and investors tracking corporate structures linked to prominent political figures.

A troubled balance sheet behind the sale

AI Financial Corporation traded as ALT5 Sigma Corporation (Nasdaq: ALTS) until it rebranded in April, according to Reuters. The Las Vegas-based firm reported roughly $24.8 million in fintech revenue for 2025 and said it had processed about $3.5 billion in transactions during the year, with cumulative volume exceeding $8 billion since inception.

Despite that transaction volume, the company posted a loss of more than $341 million in its most recent annual filing and recorded a per-share loss of $5.86 over the trailing twelve months. Its own filings flag substantial doubt about its ability to continue as a going concern, a disclosure that typically triggers heightened scrutiny from auditors and market regulators alike.

The World Liberty Financial connection

AI Financial’s balance sheet troubles sit alongside its links to World Liberty Financial, the crypto venture associated with the Trump family. Cryptopolitan has previously reported that Alt5 entered a $1.5 billion crypto reserve arrangement with World Liberty, under which the latter received stock and board seats in the fintech.

Eric Trump appeared on the company’s leadership page as an adviser and board observer as recently as March, before disappearing from that listing by late April. The timing of his removal, alongside the company’s rebrand and mounting losses, has drawn attention to how political affiliations intersect with disclosure obligations for Nasdaq-listed crypto-adjacent firms.

Deal remains conditional and unpriced

Matthew Nicoletti, chief strategy officer at Perpetuals, said in the 7 July statement that the company was still conducting due diligence and stressed that nothing had been finalised as it weighed how the Canadian unit might fit its product roadmap. Perpetuals describes itself as a fintech building AI trading products and prediction markets.

Before any transaction can close, the parties must complete due diligence, agree a purchase price, sign definitive documents, secure board approval and clear regulatory review — a sequence that leaves the outcome, and any valuation, entirely open. Perpetuals is scheduled to present at the Global Technology Virtual Investor Conference on 9 July and the Emerging Growth Conference on 15 July, where investors are likely to press for further detail on the proposed acquisition.

For now, the arrangement offers no guarantee of the lifeline AI Financial may need, nor clarity on how a sale of its core Canadian business would affect the residual entity’s obligations to World Liberty Financial or its broader creditors.

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