Abu Dhabi royal backs 49% stake in Trump-linked crypto bank venture: WSJ
Sheikh Tahnoon’s group reportedly backs a 49% stake in the holding company behind World Liberty’s conditionally approved US trust bank.
A royal investment group linked to Sheikh Tahnoon bin Zayed Al Nahyan of Abu Dhabi has reportedly agreed to back a 49% stake in the holding company behind World Liberty Financial's conditionally approved United States trust bank, according to a report by The Wall Street Journal. Sheikh Tahnoon, who serves as the UAE's national security adviser and oversees a significant portfolio of sovereign and private investment vehicles, is among the most influential figures in Gulf state finance.
World Liberty Financial is a crypto venture publicly associated with the Trump family. The project recently received conditional approval to establish a U.S. trust bank, marking a notable step toward integrating its digital asset operations within a regulated American financial framework. The involvement of an Abu Dhabi-connected entity would represent a substantial injection of Gulf capital into the Trump-linked project.
The reported deal highlights the growing appetite among Middle Eastern sovereign and royal investment groups for exposure to U.S.-based crypto and fintech ventures. It also underscores the expanding intersection of political affiliations, digital assets, and traditional banking infrastructure, a combination that has drawn increasing scrutiny from regulators and ethics watchdogs in Washington.
Observers will be watching for official confirmation of the stake acquisition, further regulatory responses to World Liberty's trust bank application, and any potential congressional or federal review of foreign investment in politically connected financial entities.
Source: Cointelegraph
