ChainCatcher report, according to The Wall Street Journal citing sources, the group led by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, is the backer behind StringZ Holding RSC, which holds a 49% stake in WLTC Holdings—the parent company of World Liberty Financial, the proposed U.S. trust bank affiliated with the Trump family. Entities associated with the Trump family are said to hold an additional 38% of the company. The U.S. Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval to World Liberty Trust Company on August 14. The OCC’s published decision confirmed StringZ as an investor in WLTC Holdings and noted its commitment not to interfere with the bank’s operations, but did not identify Tahnoon as its backer or disclose his ownership stake. The trust bank must satisfy the OCC’s pre-operational requirements and receive final approval before commencing operations. Tahnoon previously supported the $500 million acquisition of a 49% stake in World Liberty Financial, prompting U.S. Democratic senators to call for a hearing and investigation into whether the deal influenced U.S. policy toward the UAE. Tahnoon currently serves as the UAE’s National Security Advisor and Chairman of the AI company G42. Cointelegraph reached out to the Trump Organization for comment but received no response as of publication.
Abu Dhabi Royal Backs Trump-Linked Crypto Bank Project
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Summary
Project announcement details reveal that Sheikh Tahnoun bin Zayed Al Nahyan’s group supports StringZ Holding RSC, which holds a 49% stake in WLTC Holdings. The Trump family holds an additional 38% stake in the parent company of World Liberty Financial. Project funding updates indicate that the OCC granted preliminary approval for the proposed U.S. trust bank on August 14. Tahnoun’s involvement in a $500 million acquisition has attracted scrutiny from U.S. senators. The trust bank must obtain final approval before commencing operations.
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