Sheikh Tahnoon Backs 49% Stake in Trump Family Crypto Bank Venture

3 articles · Updated · CNBC · Aug 27

StringZ Holding RSC, backed by UAE national security adviser Sheikh Tahnoon bin Zayed al Nahyan and co-investors, owns 49% of WLTC Holdings, the parent of the Trump family’s planned crypto bank, the Wall Street Journal reported.
An entity affiliated with the Trump family owns another 38%, extending Tahnoon’s financial ties after a separate $500 million January 2025 investment in World Liberty Financial that sent $263 million to Trump family entities.
The venture gained momentum this month when the Office of the Comptroller of the Currency gave preliminary conditional approval for a federally chartered national trust bank to issue, redeem and safeguard World Liberty’s USD1 stablecoin.
The ownership structure is drawing scrutiny because Tahnoon is a senior foreign official and the Trump administration has also approved AI chip sales to his state-backed G42 while easing purchase limits last month.
World Liberty said it is a private U.S. fintech company with separate governance and no conflicts of interest, while the White House has previously said Trump acts in the public interest.