By Michelle Conlin

(Reuters) – Zak Folkman, the co-founder of U.S. President Donald Trump’s cryptocurrency platform World Liberty Financial, announced on Wednesday that the company would release an audit of its stablecoin “within days” and plans for a new app.

Folkman hinted that WLF’s governance token, WLFI, might soon be tradable during an interview at the Permissionless conference hosted by crypto media company Blockworks in Brooklyn, New York.

WLFI, launched two months before the U.S. presidential election in November by Trump and his business associates, has generated hundreds of millions of dollars for the Republican president’s family business.

This venture, along with other cryptocurrency efforts, has faced sharp criticism from Democratic lawmakers and government ethics watchdogs, who argue it creates conflicts of interest amid the president’s withdrawal from enforcement and ease of regulations in the industry.

The Trump Organization stated in January that the president’s investments, assets, and business interests would be placed in a trust managed by his children.

Both the White House and the Trump Organization did not respond promptly to requests for comment.

World Liberty has garnered funds through the sale of governance tokens, allowing holders to vote on modifications to the project’s code and voice their opinions on its direction and plans, though these tokens cannot be traded.

During the interview, when Blockworks co-founder Jason Yanowitz inquired whether the token would become tradable, Folkman commented, “I don’t want to give away too much, but if you pay attention over the next couple of weeks, I think everyone … is going to be very, very happy.”

He further disclosed that WLF would soon launch an app to facilitate seamless crypto use for everyday investors.

Folkman indicated that the company’s stablecoin recently obtained its first attestation report from an accounting firm, which will be published on its website “within the next few days.”

“We’re going to have very transparent auditing from a financial level,” he stated.

(Michelle Conlin in New York, Editing by Marguerita Choy)