Karla Barker 
Over a year after the collapse of the Libra token, also known as the Viva La Libertad project, the Libra Trust is preparing to distribute nearly $110 million to Argentine companies. The funds, transferred by Hayden Davis, CEO of Kelsier Ventures and a key figure behind Libra, were originally raised from token sales infamously promoted by Argentine President Javier Milei on social media.
The Trust has received 71 applications from companies seeking grants to support their growth. In the coming days, it will begin organizing these applications and assessing their feasibility and origin before releasing any funds. While no exact dates have been set, the Trust indicated that the first grants should be delivered before November.
How the Distribution Will Work
The Trust stated that “the timing of the distributions will depend on the promptness with which funding applicants respond to the questions that will be sent in the coming days.” It added that “financing decisions will be made based on the needs of the selected applicants. The trust funds will be managed prudently to enable the financing of strong applications that merit support.” However, no further details were provided on how the support would be distributed.
Compensation for Victims
The Trust has also opened a path for Libra token investors to seek compensation. Argentine nationals who filed claims regarding alleged losses from their investment in the Libra token before November 22, 2025, can apply. But there is no certainty about how much of the $110 million will actually go to these victims, as the Trust’s primary mission is to fund Argentine businesses.
Uncertainty Remains
Despite the Trust’s intentions, doubts linger. The whole venture is tied to a controversial crypto project that left many investors burned. The funds were transferred by Davis on November 22 as part of a defense strategy to dispute scam allegations in a lawsuit. Critics argue this move might be more about legal maneuvering than genuine support for Argentine businesses. Only time will tell how much of this money reaches its intended recipients.