Abu Dhabi royal family member and UAE national security adviser Tahnoon bin Zayed al Nahyan, together with co-investors, holds a 49% stake in WLTC Holdings, the new bank business holding company tied to World Liberty Financial, according to a Wall Street Journal-cited report carried by BlockBeats on Aug. 28. That makes the group the largest shareholder, while entities linked to the Trump family hold about 38%.
The report said the U.S. Office of the Comptroller of the Currency this month gave preliminary conditional approval for World Liberty to establish a national trust bank. The planned bank would be used to issue, redeem, and custody its stablecoin, USD1.
The Wall Street Journal report also said Tahnoon invested $500 million into World Liberty through another entity last year and obtained a 49% stake. Of that amount, about $263 million went to entities related to the Trump family. The update ties together the ownership structure of the new holding company, the bank approval process, and Tahnoon’s earlier investment in the project.
Abu Dhabi royal family member and UAE national security adviser Tahnoon bin Zayed al Nahyan and co-investors hold a 49% stake in WLTC Holdings, the new bank business holding company of World Liberty Financial, according to a Wall Street Journal report cited by BlockBeats on Aug. 28. The group is the largest shareholder, while entities linked to the Trump family hold about 38%.
The U.S. Office of the Comptroller of the Currency this month has already granted preliminary conditional approval for World Liberty to establish a national trust bank. The bank is intended to issue, redeem, and custody its stablecoin, USD1.
The report added that Tahnoon last year invested $500 million in World Liberty through another entity and obtained a 49% stake, with about $263 million of that amount going to Trump family-related entities.
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