Abu Dhabi Royal Owns Stake in Trump Family’s New Crypto Bank
An Abu Dhabi royal family member has deepened his financial ties to the Trump family by acquiring a significant stake in their proposed U.S. crypto bank, World Liberty Financial. Sheikh Tahnoon bin Zayed Al Nahyan and co-investors own 49% of the holding company through an entity called StringZ Holding RSC. The investment follows earlier commitments from Tahnoon, who previously invested $500 million into Trump’s ventures in early 2025. Tahnoon's connection to World Liberty extends beyond equity; his firm MGX used USD1 stablecoin—issued by the bank—to invest $2 billion in Binance. The timing of these financial ties has raised questions, especially as U.S.-UAE trade relations have recently improved under the Trump administration. However, there is no evidence that Tahnoon’s investment influenced policy decisions. The proposed crypto bank received preliminary approval from the Office of the Comptroller of the Currency (OCC), but it must still meet final regulatory requirements before launching.
Topics: banking regulation cryptocurrency investment deals political finance