MGX, a fund backed by Abu Dhabi’s royal family, will acquire a 15% stake in TikTok’s U.S. business as part of a restructuring aimed at increasing American control of the popular video-sharing app, the Washington Post reported Friday.

The deal, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the database giant co-founded by Larry Ellison. Together, the two entities will hold roughly 45% of TikTok’s U.S. operations. With additional U.S. investors involved, American companies are expected to control more than 65% of the business.

ByteDance, TikTok’s Chinese parent, will remain a significant shareholder, retaining a 19.9% stake in the U.S. arm, according to The Guardian. The arrangement is intended to address ongoing concerns in Washington, where former President Trump has repeatedly called for tighter oversight of the app’s ownership and data practices.

MGX’s involvement adds further intrigue. Earlier this year, the fund invested $2 billion in USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. USD1 is backed by U.S. Treasuries, cash, and equivalents, and is marketed as a way to access financial services outside traditional banking. MGX has already deployed USD1 in its investment in crypto exchange Binance, signaling its willingness to use the stablecoin in high-value deals.

For MGX, the TikTok stake represents a high-profile entry into the U.S. social media market, where the platform continues to exert significant influence over culture, advertising, and digital engagement.