Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Trump Crypto Empire Faces Scrutiny Over 49% Saudi Linked Stake in New Bank
BlockchainRegulation
Author
Ahmed Barakat
Author
Part of the Team Since
Mar 2024
About Author
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
- XRP Price Analysis: Treasury Giant One Step Away From NASDAQ
- Bitcoin Price Prediction: Can BTC Get Back Over $80,000?
- Ethereum Price Faces Glamsterdam Test as 3X Network Speed Threatens Smart Contracts
- Is Crypto Back? Bitcoin Holds Near $80K as ETF Inflows Break August Record and LiquidChain Nears $1M
- Bank Plans on CLARITY Act Send Circle and Coinbase Shares Lower
The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…
- Bitcoin Price Prediction: Strategy Has a New BTC Approach
- XRP Price Prediction: Going Mainstream as Kansas Athletics Announces Strategic Jersey Patch
- Ethereum Price Prediction: Kiyosaki Still Eyeing ETH, Solana Founder Bullish on EF Staff Cuts
- How to Exchange ZEC to BTC: Best Zcash to Bitcoin Exchanges 2026
- How to Take Part in Wadoozie’s Live 48-State Tour to Win WADZ Rewards
Trump-linked crypto venture company, World Liberty Financial, is preparing to launch a federally chartered national trust bank after the Office of the Comptroller of the Currency granted preliminary conditional approval earlier this month. An entity linked to Sheikh Tahnoon bin Zayed al Nahyan and co-investors reportedly owns 49% of the holding company, the largest stake in that structure.
The proposed bank is intended to issue, redeem, and safeguard USD1, the dollar-backed stablecoin World Liberty launched last year. The venture links World Liberty’s stablecoin business to a proposed federally chartered trust bank.
The OCC’s action is preliminary and conditional rather than a final banking charter. According to the Journal, the approval concerns World Liberty Financial’s plan to launch a federally chartered national trust bank.
The proposed bank’s stated functions are to issue, redeem, and safeguard USD1. The conditional approval does not amount to a final charter.
Discover: The Best Crypto to Diversify Your Portfolio
Trump Crypto Bank and The 49% Stake
Sheikh Tahnoon bin Zayed al Nahyan and co-investors are behind an entity that owns the largest stake, 49%, in World Liberty’s banking holding company, according to people familiar with the matter who spoke to the Journal. The Journal previously reported that Tahnoon backed a $500 million investment in World Liberty Financial last year in exchange for a 49% stake in the company.
The reported holding-company stake places an entity linked to Tahnoon and co-investors in the ownership structure of the proposed bank.
Tahnoon serves as the United Arab Emirates’ national security adviser and is the brother of the country’s president. He oversees a business empire valued at more than $1.3 trillion and funded by his personal fortune and state money, according to the Journal.
An Expanded Business Relationship
The new venture marks an expansion of the business relationship between the Trump-backed crypto company and a foreign government official, according to the Journal. World Liberty Financial is pursuing a proposed bank whose holding company ownership includes an entity linked to Tahnoon and co-investors.
The OCC’s preliminary conditional approval and the reported ownership structure are central elements of the proposed venture. The bank’s planned role is tied to USD1’s issuance, redemption, and safeguarding.
The approval remains preliminary and conditional. World Liberty Financial’s proposed bank has not yet received a final charter. For now, the proposed bank’s stated role is to issue, redeem, and safeguard USD1.
Discover: The Best Token Presales
- ChatGPT AI Predicts XRP May Look Very Different a Year From Now
- XRP News: Ripple Latest SEC Filing Shakes Holders
- XRP Price Prediction: Why Is XRP Fluctuating So Much Today?
- Ripple Gets Mastercard Boost as XRP ETF Makes Major Changes
- XRP Price Caught Between $231M Whale Selling and ETF Inflows
Price Analysis
XRP Price Prediction: Korea and Binance Power the Rally, But Can XRP Keep Going?
2026-08-26 18:44:00
,
by Ahmed Barakat
Bitcoin News
Polymarket CLARITY Act Odds: Senate Path Remains Uncertain After Cloture Step
2026-08-26 14:55:00
,
by Ahmed Barakat
Price Analysis
XRP Soars, But What’s Really Happening? Can Ripple Blast Past $10 This Year?
2026-08-26 14:12:00
,
by Ahmed Barakat
Best Crypto to Buy Now in August 2026 – Top Crypto to Invest In
2026-08-28 08:46:33
,
by Alan Draper
New Cryptocurrencies to Invest in Today – Top New Crypto Coins
2026-08-28 09:46:24
,
by Ines S. Tavares
8 Best Crypto Presales in August 2026
2026-08-24 09:35:05
,
by Alan Draper
Early Access to 6 New & Upcoming Coinbase Listings in August 2026
2026-08-28 10:46:25
,
by Ilija Rankovic
10 New & Upcoming Binance Listings in 2026
2026-06-01 10:46:56
,
by Ilija Rankovic
Next Crypto to Explode in 2026 – Our Top Picks
2026-08-27 11:32:34
,
by Ilija Rankovic
Bitcoin (BTC) Price Prediction 2026, 2027 – 2030
2026-08-28 07:30:00
,
by Leon Waters
XRP (XRP) Price Prediction 2026, 2027 – 2030
2026-08-28 07:30:00
,
by Ihssan El Medkouri
Ethereum Price Prediction 2026, 2027 – 2030
2026-08-28 07:30:00
,
by Leon Waters
Source: cryptonews.com