The Trump Organization, the real estate company tied to the family of the president of the United States, is putting a new luxury resort in the Maldives Onchain.
The Trump International Hotel Maldives will be built in partnership with Saudi Real Estate Development firm Dar Global, which it said it plans to tokenize the development itself, let investors buy digital shares tied to the project from the early stages.
The resort, about 25 minutes by speedboat from the country’s island capital Malé, will include 80 beach and overwater villas and is slated to open by the end of 2028,
“This development has set a new benchmark for real estate investment innovation through tokenization,” said Eric Trump, executive vice president of the Trump Organization.
The announcement comes on the heels of Eric Trump, Donald Trump’s son, confirming last month real estate tokenization plans in a interview with Coindesk TV, which describes plans to build a building to be marked by the crypto platform with close links to the Trump family.
The tokenization of assets has gained steam in recent years as financial companies use blockchain networks to transfer and record ownership of traditional financial instruments such as funds, bonds, credits and stocks. Real-estate tokenization is expected to become a major method of financing, ownership, and trading properties, potentially reaching a $4 trillion market size by 2035, according to a Deloitte Center for Financial Services report.
While tokenization may bring gains in real estate investment, risks such as regulatory uncertainty, liquidity issues and security vulnerabilities still remain, the EY reportP pointed out earlier this year.
Read more: Eric Trump confirms plans to tokenize real estate at World Liberty Financial
