Abu Dhabi Royals Back Largest Stake in World Liberty Financial’s Trust Bank
TL;DR
- Sheikh Tahnoon bin Zayed Al Nahyan’s group backs StringZ Holding RSC, which owns 49% of the holding company behind World Liberty’s trust bank.
- World Liberty Trust Company received preliminary OCC approval on August 14 but cannot operate until it satisfies pre-opening requirements and secures final authorization.
- Tahnoon previously backed a $500 million purchase of 49% of World Liberty Financial, while the trust-bank ownership adds scrutiny around the venture’s U.S. expansion.
An Abu Dhabi royal and co-investors reportedly control the largest stake in the holding company behind World Liberty Financial’s proposed U.S. trust bank, adding another high-profile foreign link to the crypto venture. Sheikh Tahnoon bin Zayed Al Nahyan’s group is reportedly behind StringZ Holding RSC, which owns 49% of WLTC Holdings, while an entity affiliated with President Donald Trump’s family owns another 38%. The ownership structure places an Abu Dhabi-backed group at the center of a federally supervised stablecoin banking project. The arrangement could shape scrutiny as the bank moves toward final approval.
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