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Abu Dhabi Royal Backs US Crypto Bank | Bitcoin and Crypto News
Description
Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan is reportedly backing a major crypto bank venture in the U.S., holding a 49% stake in the holding company for World Liberty Trust Company — poised to bring its stablecoin operations under federal oversight. This follows his prior investment in World Liberty Financial, which drew scrutiny from Democratic senators. The OCC has granted preliminary conditional approval, but full launch hinges on meeting all regulatory requirements. Meanwhile, a Trump-linked entity holds another 38% stake, positioning this venture as a potential game-changer for crypto banking — with eyes firmly on final approval and market impact.
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