US President Donald Trump said he was unaware of a reported $500 million investment by an Abu Dhabi-linked entity in World Liberty Financial, a crypto company tied to the Trump family.
Reports said Aryam Investment 1, an entity linked to Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan, agreed to buy about 49% of World Liberty Financial in a phased transaction.
“I don’t know about it,”
Trump said when asked about the deal, adding that his sons handle family business matters and receive investments.
The transaction reportedly involved an initial transfer of about $250 million, with roughly $187 million flowing to entities associated with the Trump family and around $31 million to companies tied to cofounders.
The timing of the sale has drawn scrutiny in Washington, with some lawmakers questioning a large foreign-backed investment connected to a sitting US president.
Others have noted that private business dealings are common and that legality depends on disclosure thresholds and the specific structure of the transaction.
Market reaction was swift, with trading in WLFI-linked tokens seeing spikes in volume and price volatility as details of the investment circulated.
At the time of reporting, World Liberty Financial price was $0.1163.