Donald Trump · United Arab Emirates · Wall Street · CNBC Technology
UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ posts
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
The powerful United Arab Emirates official known as the " spy sheikh " is behind the largest stake in the holding company for the Trump family's planned crypto bank, further deepening his financial ties to President Donald Trump's business empire, The Wall Street Journal reported Thursday.
Key facts
- Tahnoon and other investors previously invested $500 million in the Trump-backed World Liberty Financial in January 2025, the month Trump began his second term as president, receiving a 49% stake
- Sheikh Tahnoon bin Zayed al Nahyan, the UAE's national security advisor and brother of its president, and his co-investors are behind StringZ Holding RSC, which owns a 49% stake in the bank's holding
- The investment is one of several foreign deals that have benefited Trump's businesses since he returned to office
Summary
Sheikh Tahnoon bin Zayed al Nahyan, the UAE's national security advisor and brother of its president, and his co-investors are behind StringZ Holding RSC, which owns a 49% stake in the bank's holding company, WLTC Holdings, according to the Journal. Tahnoon and other investors previously invested $500 million in the Trump-backed World Liberty Financial in January 2025, the month Trump began his second term as president, receiving a 49% stake in the cryptocurrency company. The investment is one of several foreign deals that have benefited Trump's businesses since he returned to office.