UAE Firm Backed by Sheikh Tahnoon Buys 49% of Trump-Linked Crypto Startup for $500M
The Wall Street Journal reports that an Abu Dhabi firm with backing from Sheikh Tahnoon agreed to pay $500 million for a 49% stake in World Liberty Financial, a crypto company linked to Donald Trump, just days before his return to the White House. The reported transaction would represent a major capital infusion for the startup and a sizable minority position for the UAE investor. The timing amplifies political optics and could draw closer regulatory and public scrutiny even as the funds may accelerate product rollouts or geographic expansion. Few details about valuation, governance changes or regulatory approvals have been disclosed, and observers say disclosures and compliance steps will be watched closely as the deal moves forward.