UAE 'Spy Sheikh' Invests in Trump Family Crypto Bank Venture
The UAE's National Security Advisor, Sheikh Tahnoon bin Zayed Al Nahyan, has invested in the Trump family's planned crypto bank venture through his company StringZ Holding RSC. This investment gives him a 49% stake in WLTC Holdings, the holding company for the crypto bank.
This is not the first time Tahnoon and his co-investors have invested in Trump-backed ventures. In January 2025, they put $500 million into World Liberty Financial, receiving a 49% stake in the cryptocurrency company. This deal directed $263 million to Trump family entities, according to Trump's 2025 annual financial disclosure.
The investment has raised concerns due to Tahnoon's position as a foreign government official and his family's control of G42, a state-backed AI company that received advanced U.S. artificial-intelligence chips from the administration. World Liberty spokesman David Wachsman denied any conflicts of interest, stating that the company is 'a private American financial technology company, not a political organization'.