According to the Wall Street Journal, Sheikh Tahnoon’s Abu Dhabi group has secured a 49% stake in the holding company behind World Liberty—a project with a conditionally approved U.S. crypto bank-trust. The initiative is described as Trump-linked, Cointelegraph reports, citing WSJ.

What We Know So Far

The story centers on the group’s 49% backing of the holding company behind World Liberty and its U.S.-conditionally approved bank-trust. No further details on the deal are available at this time.

Why It Matters

Conditional approval means the bank-trust could go live if it meets certain regulatory requirements. Backing from Sheikh Tahnoon’s group highlights growing Middle Eastern interest in U.S. digital asset infrastructure.

Context and Mentions

The project’s Trump connection adds a political and market spotlight. The TRUMP token is also mentioned, though there’s no info on its price action in this report.