Trump-linked fintech AI Financial sells Canadian subsidiary
AI Financial Corp., a fintech company closely associated with World Liberty Financial, a cryptocurrency project backed by the Trump family, said it has sold its Canadian subsidiary to New York-based financial platform PrimeDelta. The transaction follows the termination, several weeks earlier, of acquisition talks for the subsidiary by another fintech company, Perpetuals.com. According to regulatory filings disclosed by the U.S. Securities and Exchange Commission, AI Financial will receive a secured promissory note valued at $12 million and approximately 11.6 million PrimeDelta shares in exchange for ALT5 Sigma Canada. The note calls for $1 million to be paid next week, with the remainder to be paid in installments. The filings did not disclose the specific reasons for the transaction. PrimeDelta is described in related materials as a financial platform focused on securities tokenization. According to reports, AI Financial was formerly known as ALT5 Sigma. In August 2025, the company entered into a partnership agreement with World Liberty Financial, raising $750 million through a new share issuance and using $717 million of the proceeds to purchase World Liberty Financial tokens. Under the allocation arrangement between the Trump family and World Liberty Financial, more than $500 million from the transaction ultimately flowed to the Trump family. Since the agreement was signed, AI Financial's stock has plunged from above $9 to about 44 cents, while the company's total market value has fallen to approximately $61 million. Historical regulatory filings also show that AI Financial and PrimeDelta, the buyer in the current transaction, were previously involved in a legal dispute. In 2025, AI Financial sued PrimeDelta, alleging that it had colluded with a former adviser and misappropriated company data for commercial competition. The companies settled the dispute in December 2025 without either side admitting legal wrongdoing.
According to regulatory filings disclosed by the U.S. Securities and Exchange Commission, AI Financial will receive a secured promissory note valued at $12 million and approximately 11.6 million PrimeDelta shares in exchange for ALT5 Sigma Canada. The note calls for $1 million to be paid next week, with the remainder to be paid in installments. The filings did not disclose the specific reasons for the transaction. PrimeDelta is described in related materials as a financial platform focused on securities tokenization.
According to reports, AI Financial was formerly known as ALT5 Sigma. In August 2025, the company entered into a partnership agreement with World Liberty Financial, raising $750 million through a new share issuance and using $717 million of the proceeds to purchase World Liberty Financial tokens. Under the allocation arrangement between the Trump family and World Liberty Financial, more than $500 million from the transaction ultimately flowed to the Trump family.
Since the agreement was signed, AI Financial's stock has plunged from above $9 to about 44 cents, while the company's total market value has fallen to approximately $61 million.
Historical regulatory filings also show that AI Financial and PrimeDelta, the buyer in the current transaction, were previously involved in a legal dispute. In 2025, AI Financial sued PrimeDelta, alleging that it had colluded with a former adviser and misappropriated company data for commercial competition. The companies settled the dispute in December 2025 without either side admitting legal wrongdoing.