In Trump UAE news, an entity backed by Sheikh Tahnoon bin Zayed Al Nahyan and co-investors holds a reported 49% stake in WLTC Holdings, the holding company World Liberty Financial created for
In Trump UAE news, an entity backed by Sheikh Tahnoon bin Zayed Al Nahyan and co-investors holds a reported 49% stake in WLTC Holdings, the holding company World Liberty Financial created for its proposed U.S. trust-bank venture, according to The Wall Street Journal, citing people familiar with the matter.
The reported stake extends the business relationship between the Trump-backed cryptocurrency company and Tahnoon, who serves as the United Arab Emirates’ national security adviser and is the brother of the country’s president.
The Journal previously reported that Tahnoon backed a $500M investment in World Liberty Financial in exchange for a separate 49% stake in the company. That earlier investment is distinct from the reported WLTC Holdings stake.
— Mario Nawfal (@MarioNawfal) August 28, 2026
The “spy sheikh” is now a major backer of the Trump family’s new crypto bank.Sheikh Tahnoon bin Zayed, UAE national security adviser and brother of the country’s president, sits behind a 49% stake in the holding company for World Liberty’s planned U.S. bank. A Trump-family… pic.twitter.com/wV4laIAK6f
The Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval in August 2026 to launch a federally chartered national trust bank.
If it receives final approval, the bank would issue, redeem, and safeguard USD1, World Liberty Financial’s dollar-backed stablecoin, under federal supervision.
The preliminary approval is not final. World Liberty Trust Company can begin operations only after meeting the regulator’s pre-opening requirements and receiving final approval. Until then, the proposed bank cannot operate as the vehicle for issuing, redeeming, or safeguarding USD1.
— Mpost Media Group (@mpost_io) August 28, 2026
@realDonaldTrump's planned #crypto bank is nearly half-owned by UAE investors.StringZ Holding RSC — linked to Sheikh Tahnoon bin Zayed al Nahyan, the UAE's national security advisor and brother of its president — holds a 49% stake in WLTC Holdings. An entity affiliated with… pic.twitter.com/YQwAABfGF6
Supplementary reporting identified StringZ Holding RSC as an investor in WLTC Holdings and said the OCC’s decision names StringZ as one of the holding company’s investors. The OCC did not disclose who stands behind StringZ or the size of its stake, according to that reporting.
The same reporting said StringZ committed not to influence the bank’s operations. Separately, the Journal reported that Tahnoon and co-investors are behind an entity holding the largest stake, 49%, in WLTC Holdings, while the charter remains subject to the OCC’s remaining conditions.
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SOURCE: CoinGeckoFinal approval would allow World Liberty Trust Company to carry out the issuance, redemption, and safeguarding functions described in its conditional approval for USD1. The bank’s launch remains dependent on completion of the OCC’s pre-opening requirements and final regulatory approval.
For now, the reported ownership stake and the conditional approval define the structure around the proposed bank, while its operations have yet to begin.
USD1 is the 24th-largest digital asset, with a market cap of over $4.1Bn and a 24-hour trading volume of $1.1Bn. It has grown by over $1.5Bn since the beginning of 2026, driven by rising token issuance due to demand.
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This article is for informational purposes only and does not constitute investment advice.
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