Abu Dhabi Royal Backs Trump-Linked Crypto Bank Venture
The venture has preliminary approval from the Office of the Comptroller of the Currency and still must meet capital and examination requirements before opening.
- On Friday, The Wall Street Journal reported that Sheikh Tahnoon, the United Arab Emirates' national security adviser, holds a 49% stake in a new American bank planned by World Liberty Financial, linked to President Trump.
- This investment expands a relationship that began last year, when Sheikh Tahnoon backed a $500 million stake in World Liberty Financial; Tahnoon oversees a more than $1.3 trillion empire funded by personal fortune and state capital.
- The Office of the Comptroller of the Currency granted preliminary conditional approval earlier this month for the bank, with StringZ Holding RSC holding the 49% stake while an entity affiliated with the Trump family holds 38%.
- White House Principal Deputy Press Secretary Anna Kelly rejected suggestions of impropriety, stating "No one at World Liberty works for the U.S. government and there are no conflicts of interest," and emphasized the firm's private financial technology status.
- The bank still faces final examinations by the OCC, including capital requirements, before it can open. Until those conditions are met, the charter remains preliminary, leaving the venture's full operational launch dependent on regulatory compliance.
19 Articles
19 Articles
UAE National Security Adviser Backs 49% of the Holding Company Behind the Trump Family's Bank Charter Bid
Sheikh Tahnoon bin Zayed al Nahyan, the United Arab Emirates’ national security adviser and brother of the country’s president, holds a 49% stake alongside co-investors in the holding company World Liberty Financial created to pursue a US bank charter, the Wall Street Journal reported Thursday. Tahnoon is known as the “spy sheikh” for his position atop the Emirati intelligence apparatus. The Journal identified the charter vehicle’s parent as WLT…
Sheikh Tahnoon reportedly controls 49% stake in World Liberty bank holding firm
World Liberty Financial’s proposed US trust bank has drawn a major Abu Dhabi backer, with Sheikh Tahnoon bin Zayed Al Nahyan and co-investors reportedly controlling 49% of the holding company behind the federally chartered venture. The Wall Street Journal reported…
(Seoul = Yonhap News) Reporter Im Hwa-seop = 49% of 'WLTC Holdings,' the holding company for the cryptocurrency bank that U.S. President Donald Trump's family is pushing to establish ...
Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh
According to a report from The Wall Street Journal, an Abu Dhabi royal long known in intelligence circles as the “spy sheikh” is now a major backer of a new U.S. bank the Trump family’s cryptocurrency company is preparing to open. Sheikh Tahnoon bin Zayed al Nahyan and co-investors sit behind an entity that holds […]
‘Spy Sheikh’ Holds Major Stake in Trump Family’s New Crypto Bank: Report
Screenshot via Tahnoon bin Zayed al Nahyan on X An Abu Dhabi royal known as the “spy sheikh” is reportedly behind the largest shareholder stake in the Trump family’s latest push into banking through its cryptocurrency company, World Liberty Financial. Sheikh Tahnoon bin Zayed al Nahyan and other investors make up StringZ Holding RSC, which owns 49% of WLTC Holdings, the entity established for World Liberty’s banking operation, The Wall Street Jo…
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