⚠️ Trump’s crypto bank is 49% owned by the UAE’s ‘spy sheikh’ and it just got a federal charter

📊 Sheikh Tahnoon bin Zayed al Nahyan, the UAE’s national security advisor and brother of its president, holds the single largest stake in WLTC Holdings through StringZ Holding RSC. The Trump family owns 38%. On August 14, the OCC granted this entity preliminary conditional approval for a federally regulated national trust bank to issue and redeem USD1, a stablecoin with more than $4 billion in circulation. In the same administration that loosened AI chip export caps to the UAE, $263 million from the original deal has already flowed to Trump family entities.

‼️ A sitting president’s family has never before held a financial stake in a company that received a federal banking charter from regulators appointed by that same president. That is no longer a hypothetical. It happened on August 14, 2026, when the Office of the Comptroller of the Currency conditionally approved World Liberty Trust Company, National Association, to organize as a federally regulated national trust bank.

🔗 The approval capped a 221-day review process. The application was filed in January 2026, the same month the Trump administration began rolling back Biden-era restrictions on advanced chip exports to Gulf states. By the time the OCC signed off, the largest single shareholder in the holding company behind the bank was not Donald Trump or any member of his family. It was an entity controlled by Sheikh Tahnoon bin Zayed al Nahyan, the UAE’s national security advisor, brother of President Mohamed bin Zayed, and one of the most powerful figures in Middle Eastern finance.