A Financial Times investigation has found that Donald Trump and his family have earned more than $1 billion in pre-tax profits from cryptocurrency ventures over the past year, as the sector experiences a major resurgence.

The profits stem from a network of businesses linked to the president and his family, including token platforms, digital trading cards, memecoins, and stablecoin projects. The ventures form part of a broader shift in the Trump business portfolio towards digital assets.

At the centre of the network is World Liberty Financial, a company managed by Trump’s sons and long-time business associates. The firm operates two digital currencies — a governance token called WLFI and a dollar-pegged stablecoin known as USD1 — both of which have generated substantial revenue, according to the FT.

The investigation notes that several of the family’s companies have also integrated crypto into their operations, including the Trump Media & Technology Group, which pivoted toward bitcoin-related investments earlier this year.

The growth of Trump-linked crypto ventures has coincided with the administration’s efforts to create a more open regulatory environment for the industry. Leadership changes at key U.S. financial agencies, including the Securities and Exchange Commission, have been followed by the rollback of certain enforcement actions against major crypto firms.

The FT report adds that the Trump family’s holdings remain under a revocable trust managed by Donald Trump Jr., rather than a blind trust. This structure allows visibility into, and potential access to, business interests during Trump’s presidency — an arrangement that has raised questions about conflicts of interest among ethics experts.

Trump’s advisors maintain that the president’s business activities are legitimate and that his administration’s policies aim to strengthen innovation in emerging industries such as cryptocurrency.

The investigation also highlights international interest in the Trump-linked digital asset ecosystem, with investors from the Middle East and Asia reportedly purchasing tokens and investing in affiliated platforms.

According to the FT’s analysis, Trump’s crypto ventures have not only generated significant realised profits but also increased his overall net worth on paper, marking one of the most rapid financial turnarounds of his career.