BlockBeats report, on August 28, Tahnoon bin Zayed al Nahyan, a member of the Abu Dhabi royal household and UAE Nationwide Safety Advisor, together with co-investors, holds a 49% stake in WLTC Holdings, the holding company for World Liberty Monetary’s new banking enterprise, making it the largest shareholder; entities related to the Trump household maintain roughly 38%.
This month, the U.S. Workplace of the Comptroller of the Forex provisionally permitted World Liberty’s software to ascertain a nationwide belief financial institution for issuing, redeeming, and custodianship of its stablecoin, USD1. Final 12 months, Tahnoon invested $500 million in World Liberty by one other entity, buying a 49% stake, with roughly $263 million flowing to entities related to the Trump household. (WSJ)
