Worldcoin’s Parent Foundation Completes $65 Million OTC Token Sale
World Foundation, the non-profit organization behind the Worldcoin biometric identity protocol, announced that its subsidiary, World Assets, Ltd., executed a series of over-the-counter (OTC) transactions totaling approximately $65 million. The deals, concluded with four institutional counterparties over the past week, represent a significant capital raise for the project. The first settlement occurred on March 20, 2026, with subsequent transfers managed from a designated multisignature wallet controlled by World Assets.
Sale Mechanics and Token Distribution
Based on the disclosed average sale price, World Assets, Ltd. transferred roughly 239 million WLD tokens as part of these OTC deals. To mitigate immediate market selling pressure, the terms included a lock-up provision for $25 million worth of the sold tokens, restricting their resale for a six-month period. This structure is common in private token sales to provide market stability following a large transfer of assets.
Strategic Use of Funds and Prior Market Activity
The proceeds from the sale are explicitly earmarked for core operational expenses, continued research and development, the manufacturing of the project’s signature iris-scanning Orb devices, and general ecosystem expansion. This disclosure follows a report by blockchain analytics firm Lookonchain, which identified a separate, earlier offload of 117 million WLD tokens (valued at approximately $39 million) via OTC trades. The combined activity highlights a period of substantial token movement from the project’s treasury.
Market Performance and Holder Context
Following this news and broader market conditions, the price of WLD experienced volatility. At the time of writing, CoinGecko data indicated a trading price around $0.27, reflecting a 13.5% decline over the preceding week. This marks a dramatic fall from the token’s all-time high of $11.7, reached in March 2024. Notably, Eightco Holdings, a publicly traded company backed by analyst Tom Lee, remains the largest known institutional holder, with a reported 277 million WLD tokens as of March 20, 2026.
About the Worldcoin Project and Ecosystem Scale
Founded in 2019 by Sam Altman, Alex Blania, and Max Novendstern, Worldcoin aims to establish a global proof-of-personhood system by combining biometric verification with cryptocurrency. Its ecosystem integrates the Orb-based World ID for unique human verification, the WLD utility token, the World App wallet, and the World Chain layer-2 network. The project reports substantial adoption metrics: World ID has verified nearly 18 million unique individuals, and the World App has close to 39 million users across more than 160 countries. This network is supported by 948 active Orb devices, with recent weekly growth including over 60,000 new accounts and 16,000 verifications.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
