Sheikh Tahnoun bin Zayed Al Nahyan’s group is behind StringZ Holding RSC. According to the WSJ, it owns 49% of WLTC Holdings. This is the company created by Trump’s crypto venture, World Liberty Financial, to obtain a banking license. In addition, it owns 38% of an organization linked to the family of U.S. President Donald Trump.
Tahnoun is the UAE’s national security adviser and oversees significant assets in the country. Companies associated with him began investing in Trump’s crypto projects a few months after the two countries signed a cooperation agreement in AI.
According to Public Citizen, since 2022, investors have lost at least $4.7 billion because of Trump’s crypto projects.