The Abu Dhabi royal family has invested $500 million in a cryptocurrency company owned by the Trump family.

According to reports, a member of the Abu Dhabi royal family has signed a secret agreement with the Trump family to purchase shares of their cryptocurrency joint venture. Sources familiar with the matter revealed that four days before Trump's inauguration last year, Sheikh Tahnoon bin Zayed Al Nahyan, the UAE national security adviser and deputy prime minister, sent a special envoy to sign an agreement with Eric Trump, purchasing 49% of World Liberty Financial for $500 million. It is reported that the initial payment was $250 million, with $187 million going to entities owned by the Trump family. At least $31 million will go to entities related to Steve Witkoff, co-founder and US Middle East envoy of World Liberty Financial. It is said that another $31 million will go to entities related to the company's other co-founders, Zak Folkman and Chase Herro. A spokesperson for World Liberty Financial, David Wachsman, responded to the reports stating, "President Trump and Steve Witkoff were not involved in this transaction, and have not been involved in World Liberty Financial affairs since taking office." He also added that the company made this transaction for their own benefit. He said, "The idea that a private American company should be subject to some special standard when raising funds, while other similar companies do not have to adhere to such standards, is both absurd and contrary to the American spirit." A White House spokesperson told the media that Trump's assets are held in a trust managed by his children. The report quoted a source familiar with Sheikh Tahnoon's investments, stating that after several months of studying World Liberty company, the Sheikh and a few other investors from CKH HOLDINGS finalized the deal. It is reported that the remaining $250 million should be paid by July 15, 2025, but it is unknown how these funds may have been allocated.