The Foreign Owners Behind Trump’s $4 Billion Stablecoin Bank
Eric Trump signed a promise not to interfere with his family's new stablecoin bank. So did a manager for the Abu Dhabi entity that reportedly owns the largest piece of it.
Those promises are called passivity commitments, and regulators use them to stop big owners from steering a bank they are not supposed to run.
Who Actually Owns the Trump Stablecoin Bank
The Office of the Comptroller of the Currency (OCC) charters national banks. On August 14 it cleared World Liberty Trust Company to issue and redeem USD1.
The bank is owned by a Delaware company called WLTC Holdings. Its shareholder split copies World Liberty Financial, the Trump family crypto venture behind the coin.
An entity tied to Sheikh Tahnoon bin Zayed al Nahyan holds 49%, according to the Wall Street Journal. A Trump family entity holds 38%.
Neither figure appears in the OCC's public decision. The regulator never lists a percentage. Both numbers rest on people familiar with the matter.
Tahnoon runs the United Arab Emirates' national security service and is the brother of its president. In January 2025, investors associated with him invested $500 million in World Liberty. The deal closed four days before the inauguration.
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