The Trump Organization, the real estate company linked to the family of the president of the United States, is launching a new luxury complex in the Maldives.
The Trump International Hotel Maldives will be built in partnership with Saudi real estate development company Dar Global, which said it plans to tokenize the development itself, allowing investors to buy digital shares linked to the project from the early stages.
The resort, about a 25-minute speedboat ride from Malé, the island nation’s capital, will include 80 beach and overwater villas and is scheduled to open in late 2028.
“This development set a new benchmark for innovation in real estate investing through tokenization,” said Eric Trump, executive vice president of the Trump Organization.
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, outlining plans to develop a building that will be tokenized through the crypto platform with close ties to the Trump family.
Asset tokenization has gained traction in recent years as financial companies use blockchain rails to move and record ownership of traditional financial instruments such as funds, bonds, credit and stocks. Real estate tokenization is projected to become a key method of financing, owning and marketing property, potentially reaching a market size of $4 trillion by 2035, according to a report from the Deloitte Financial Services Center.
While tokenization could deliver efficiency gains for real estate investment, risks such as regulatory uncertainty, liquidity issues and security vulnerabilities remain, an EY report noted earlier this year.
Read more: Eric Trump confirms plans to tokenize real estate with World Liberty Financial
