A new chapter is opening around the Trump crypto bank linked to World Liberty Financial. A group reportedly backed by Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan is said to hold the largest outside stake in the company behind the planned U.S. trust bank. Reports say StringZ Holding RSC owns 49% of WLTC Holdings, while an entity linked to the Trump family owns about 38%.
The ownership details matter because the proposed bank is closely connected to USD1, the dollar-backed stablecoin issued by World Liberty Financial. The Office of the Comptroller of the Currency, or OCC, gave World Liberty Trust Company preliminary conditional approval on August 14, moving the project closer to becoming a federally supervised national trust bank.
Trump Crypto Bank and the Reported 49% Stake
According to recent reports, StringZ Holding RSC is backed by Sheikh Tahnoon and other investors and holds 49% of WLTC Holdings. The Trump family-affiliated entity reportedly owns another 38%.
However, there is an important detail here. The OCC’s public documents confirm that StringZ is an investor in WLTC Holdings, but they do not identify Sheikh Tahnoon by name or disclose that the 49% stake belongs directly to him. StringZ also signed a passivity commitment agreeing not to influence the bank’s management or policies.
This distinction is important when discussing the Abu Dhabi royal crypto investment because the reported connection and the regulator’s documented ownership information are not exactly the same thing.
How the Trump Crypto Bank Could Work
The proposed World Liberty Trust Company is designed as a national trust bank rather than a traditional deposit-taking bank. Its planned activities include issuing and redeeming USD1, managing its reserves, and providing digital asset custody services for institutional customers.
Here are the main points investors are watching:
- Trump crypto bank plans to support USD1 operations.
- World Liberty Financial is behind the stablecoin and proposed banking venture.
- UAE crypto investment is reportedly connected to the largest outside ownership stake.
- The OCC approval is still conditional, not a final authorization to begin operations.
- The bank must meet pre-opening requirements before it can start business.
USD1 Gives the Venture a Bigger Role
USD1 is central to the project. The proposed bank would allow World Liberty to handle important parts of the stablecoin’s operation under one federally supervised institution.
The OCC’s original application says the bank would issue USD1, a fiat-backed digital asset designed to maintain a one-to-one value with the U.S. dollar. It would also provide digital asset custody services.
| Key Detail | Reported or Confirmed Information |
| StringZ stake | 49% of WLTC Holdings, according to reports |
| Trump-linked stake | About 38% |
| OCC approval | Preliminary conditional approval |
| Proposed bank | World Liberty Trust Company |
| Main digital asset | USD1 stablecoin |
| Final approval | Still required |
What Happens Next?
The Trump crypto venture still has several steps to complete before the bank can operate. The OCC’s conditional approval does not mean the institution can immediately open its doors. The company must satisfy the regulator’s pre-opening requirements and receive final authorization.
The deal could also receive more attention because Sheikh Tahnoon and co-investors were previously reported to have backed a $500 million investment for a 49% stake in World Liberty Financial. That earlier connection makes the reported Abu Dhabi crypto investment relevant to the latest banking venture.
For the UAE crypto investment story, the key issue now is not simply who owns the shares. It is how the proposed bank will operate under U.S. banking rules and whether it can complete the remaining OCC requirements.
World Liberty’s banking plan now brings together stablecoins, U.S. banking regulation, Trump-linked business interests and Gulf investment. The next major milestone will be the OCC’s final decision and the conditions attached to the bank’s actual launch.
