AI Financial, formerly Alt5 Sigma, is negotiating the sale of its core payments subsidiary Alt5 Sigma Canada to Tokyo-based blockchain firm Perpetuals.com. The deal could be worth up to $15 million, according to The Wall Street Journal. The two parties signed a non-binding term sheet, and Perpetuals.com is still reviewing terms and conducting due diligence.
WLFI Investment Backfires
AI Financial tied its balance sheet to World Liberty Financial, a Trump-linked crypto project. In August 2025, World Liberty invested 7.5% of the total WLFI token supply into ALT5 Sigma's $1.5 billion capital raise. The company later raised about $750 million to buy more WLFI tokens. But WLFI's value tumbled roughly 70%, dragging AI Financial's shares down over 90% and leaving its market cap near $80 million. Selling the core business appears to be a move to shed a losing bet.
Trump-Linked Proceeds Under Scrutiny
World Liberty Financial, which issues the WLFI governance token and USD1 stablecoin, is closely tied to the Trump family. Trump's 2025 financial disclosure showed over $1.4 billion in crypto-related income — surpassing revenue from real estate and golf resorts. The family is entitled to 75% of proceeds from WLFI token sales, and AI Financial's purchases generated roughly $540 million in cash for Trump-related entities. The White House has denied conflict-of-interest claims, but critics continue to push for tighter regulation of officeholders' crypto ties.
Perpetuals.com Still Deciding
Perpetuals.com said in a July 7 filing that it has “not made any decisions” and that the term sheet is exploratory. The company sees Alt5 Sigma Canada as a potential fit for its AI-powered trading products and prediction markets. But the final outcome depends on price negotiations, due diligence results, board approval, and binding terms. For now, AI Financial's fate remains uncertain.