A UAE-backed investment vehicle purchased a 49% stake in World Liberty Financial, a crypto startup linked to Trump, for $500 million. Half was paid upfront, with $187 million going to Trump family entities. The deal was signed by Eric Trump and not publicly disclosed initially.

Tahnoon bin Zayed Al Nahyan, UAE president’s brother, saw his AI ambitions grow under Trump. After Trump’s election, US granted UAE access to advanced AI chips. G42 executives helped manage the deal, making Aryam the startup’s largest outside shareholder.

Democratic senators called for a US probe into World Liberty Financial’s token sales, citing alleged links to sanctioned foreign actors. Senators Warren and Reed raised concerns about token revenue flowing to entities linked to the Trump family, creating a conflict of interest.

Read more at Cointelegraph: UAE-Backed Investor Took 49% Stake in Trump-Linked Crypto Firm for $500M