UAE Royal Holds 49% Stake in Trump-Linked Crypto Bank Venture

The UAE's national security adviser, Sheikh Tahnoon bin Zayed Al Nahyan, holds a significant stake in World Liberty Financial (WLFI), a crypto project associated with the Trump family. According to reports, he owns 49% of WLFI, making him a key backer and shareholder of the U.S. bank that WLFI is preparing to launch.

The Office of the Comptroller of the Currency (OCC) has conditionally approved a bank charter for World Liberty Trust, a unit of WLFI. This approval marks a significant step for the venture, but it remains subject to regulatory conditions and final approvals.

Sheikh Tahnoon's involvement adds an international dimension to the Trump family's crypto banking efforts, raising questions about foreign investment in U.S. financial institutions and potential national security concerns.