The Libra Trust has announced plans to distribute nearly $110 million to 71 Argentine companies, marking a significant move to repurpose funds from the defunct Libra crypto token project. The initiative aims to support business growth and compensate victims affected by the token’s collapse.
The funds were transferred by Hayden Davis, the alleged creator of the Libra token, in an effort to counter scam allegations and restore confidence in the project’s legacy. The Trust will begin vetting applications and disbursing grants before November 2026, focusing on firms that applied for financial support to expand operations and drive innovation.
In addition to business funding, the Trust has opened a compensation program for individuals who suffered losses from the failed token. Victims who filed claims before November 22, 2025, will be eligible for payouts, though the total amount available for reimbursement remains uncertain.
Analysts view the move as a rare example of accountability in the crypto sector, where failed projects often leave investors without recourse. By redirecting recovered assets toward legitimate enterprises, the Libra Trust hopes to rebuild trust and stimulate economic activity in Argentina’s growing tech and finance ecosystem.
