The Trump Organization, the real estate firm linked to the US president’s family, is putting a new luxury resort in the Maldives on the chain.
The Trump International Hotel Maldives will be built in partnership with Saudi real estate developer Dar Global, which said it plans to tokenize the development itself, allowing investors to buy digital shares tied to the project from the early stages.
The resort, about 25 minutes by speedboat from the island nation’s capital Malé, will include 80 beach and overwater villas and is scheduled to open in late 2028,
“This development set a new benchmark for real estate investment innovation through tokenization,” said Eric Trump, Trump Organization vice president.
The announcement comes on the heels of Eric Trump, son of Donald Trump, confirming real estate tokenization plans last month in an interview with CoinDesk TV, detailing plans to develop a building that will be tokenized via the crypto platform with close ties to the Trump family.
Asset tokenization has gained momentum in recent years as financial companies use blockchain rails to transfer and record ownership of traditional financial instruments such as funds, bonds, credit and stocks. Real estate tokenization is expected to become a key method of financing, owning and trading real estate, potentially reaching a market size of $4 trillion by 2035, according to a report by the Deloitte Center for Financial Services.
While tokenization can bring efficiency gains to real estate investments, there are still risks such as regulatory uncertainty, liquidity issues and security vulnerabilities, an EY report pointed out earlier this year.
Read more: Eric Trump confirms plans to tokenize real estate with World Liberty Financial
