"Just four days before President Donald Trump took office in January 2025, two lieutenants to a member of the Abu Dhabi royal family signed a contract to funnel $500 million into a Trump family crypto company. The investment into World Liberty Financial was backed by Sheikh Tahnoon bin Zayed Al Nahyan, brother of the president of the United Arab Emirates, the Wall Street Journal reported. A spokesperson for the Trump family crypto company confirmed to Fortune that the transaction had occurred."
"In exchange for half a billion dollars, a company tied to the politician, who's an Emirati national security advisor and sometimes referred to as the 'spy sheikh,' received 49% in equity in World Liberty Financial. The company was founded in 2024 as a DeFi platform, or business that puts banking activities like lending and borrowing on the blockchain. It's one of the Trump family's main crypto businesses."
Four days before President Donald Trump entered office in January 2025, two lieutenants to a member of the Abu Dhabi royal family signed a contract to channel $500 million into World Liberty Financial. The funds were backed by Sheikh Tahnoon bin Zayed Al Nahyan and bought a 49% equity stake in the DeFi platform founded in 2024. The two lieutenants also hold senior roles at G42, a UAE-backed technology and venture firm. A G42 executive, Fiacc Larkin, serves as an advisor to World Liberty Financial. Eric Trump declined to identify investors while noting meaningful backers. Company spokespeople denied any link between the deal and U.S. chip-access decisions.
Read at Fortune
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