Business
Trump Family Crypto Bank Backed by Abu Dhabi Royal | What’s News for Aug. 27
This is an edition of the What’s News newsletter, which helps you catch up on the headlines and understand the news, free in your inbox daily. If you’re not subscribed, sign up here.
1. The Trump family’s new crypto bank, World Liberty Bank, is backed by the “spy sheikh.”
Sheikh Tahnoon bin Zayed al Nahyan, an Abu Dhabi royal and U.A.E. national security adviser, along with co-investors, owns a 49% stake in the holding company created to house World Liberty Financial’s banking venture, according to people familiar with the matter. The firm recently received preliminary regulatory approval to launch a national trust bank to manage USD1, a stablecoin with $4 billion in market value.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
You must be logged in to post a comment Login