The Wall Street Journal reports that a senior UAE national security official holds a 49% stake in a holding company connected to a planned bank venture backed by President Donald Trump’s family. The venture, associated with World Liberty Financial, aims to establish a trust bank in the United States.
Quartz and CNBC also report that the UAE official—identified as Sheikh Tahnoon bin Zayed al Nahyan—co-invests alongside other backers to control the largest portion of the holding company. CNBC adds that the proposed trust bank has preliminary federal approval. The outlets frame the development as a further deepening of ties between the crypto-related project and a senior UAE figure, while they rely on the WSJ for the core ownership and stake details.
