- Sheikh Tahnoon secretly purchased 49% of World Liberty Monetary for $500 million in January 2025, simply days earlier than the inauguration.
- The deal gave G42 executives board seats and preceded a serious coverage shift permitting the UAE to buy 500,000 restricted US AI chips yearly.
- World Liberty just lately launched a lending platform for its USD1 stablecoin, which has already surpassed $3 billion in circulating provide.
A secret US$500 million (AU$765 million) deal has positioned an funding automobile backed by Emirati Sheikh Tahnoon bin Zayed Al Nahyan on the heart of World Liberty Monetary’s possession,
According to a Wall Avenue Journal investigation, Aryam Funding 1, an Abu Dhabi entity linked to Tahnoon, quietly acquired a 49% stake in WLFI simply 4 days earlier than Donald Trump’s January 2025 inauguration. This raised questions in regards to the mission’s political and regulatory publicity in the US.
Furthermore, Eric Trump signed the settlement on behalf of the mission. The deal was by no means publicly disclosed.
It additionally seems executives from G42, a serious Abu Dhabi know-how group, helped handle Aryam and took seats on World Liberty’s board, making Tahnoon’s automobile the corporate’s largest outdoors shareholder.
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AI Ambitions and US Coverage Backdrop
Tahnoon, the UAE’s nationwide safety adviser and brother to President Mohammed bin Zayed, has performed a central function within the nation’s push to construct out artificial intelligence (AI) capabilities.
Below the Biden administration, US officers restricted entry to superior American AI chips over fears that delicate know-how may very well be diverted to China, together with via companies reminiscent of G42.
After Trump’s election, that stance reportedly shifted. The Journal stated Tahnoon held a number of conferences with Trump and senior US officers. Inside months, the administration dedicated to permitting the UAE to safe a whole bunch of hundreds of high-end AI chips yearly.
World Liberty and the White Home have denied any hyperlink between the undisclosed stake sale and US coverage selections, and spokespeople stated Trump was not concerned within the deal and that it conferred no coverage affect.
Regardless of that scrutiny, the mission continues to broaden its product set, as World Liberty Monetary just lately launched World Liberty Markets, an on-chain lending platform constructed round its USD1 stablecoin, which went stay on Monday.
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