Traditional business ventures now make up less than half of Donald Trump’s wealth compared to crypto, says a new analysis from Accountable.US.

Big investors are being sounded out on a plan for World Liberty Financial, the Trump family-backed venture, to set up a public company that would hold its WLFI tokens, joining the boom in digital-asset treasury firms.

The move would see World Liberty Financial join other crypto treasury firms, and comes as Trump adopts pro-crypto policies.

It’s the biggest move yet by the Trump administration to bring private assets to defined-contribution accounts.

President Trump signed an executive order Thursday allowing alternative assets like private equity, cryptocurrency and real estate in 401(k)s. The order directs the Labor Department to review guidance around private market investments in retirement plans subject to the Employee Retirement Income Security Act of 1974.

The order asks the Secretary of Labor to reexamine department guidance regarding the Employee Retirement Income Security Act of 1974.