Abu Dhabi Royal Invests Big in Trump-Linked Crypto Bank Venture
An Abu Dhabi royal family member has taken a significant stake in a US-based cryptocurrency bank venture linked to Donald Trump's family.
Sheikh Tahnoon bin Zayed Al Nahyan's group owns 49% of WLTC Holdings, the holding company behind World Liberty Financial's proposed trust bank. An entity affiliated with President Trump's family has a 38% stake in WLTC Holdings, according to people familiar with the matter.
The planned bank would oversee the issuance, redemption, and custody of World Liberty's USD1 stablecoin under federal supervision.