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