UAE-Backed 49% Stake Puts World Liberty Trust Bank in Focus
- StringZ reportedly owns 49% of WLTC Holdings, the largest disclosed stake.
- OCC gave World Liberty Trust preliminary approval for a U.S. trust bank.
- The bank would handle USD1 issuance, redemption, custody, and fiat conversion.
An investment group linked to Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan reportedly controls the largest stake in the holding company behind the proposed World Liberty trust bank, placing UAE capital at the middle of a proposed U.S.-regulated operation for the USD1 stablecoin.
According to sources, Tahnoon and co-investors back StringZ Holding RSC, which owns 49% of World Liberty Trust Company (WLTC) Holdings. An entity affiliated with President Donald Trump’s family owns another 38%.
World Liberty Trust Bank Would Handle USD1 Operations
The Office of the Comptroller of the Currency granted World Liberty Trust Company prelimin…
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