The Trump Organization has announced plans to develop a luxury resort in the Maldives, targeting crypto investors through tokenized ownership. Partnering with Saudi-based developer Dar Global, the resort is expected to open in Malé by 2028. The project will offer ownership stakes via tokenized real-world assets, with the Trump family licensing its name to the venture.
Eric Trump highlighted the initiative as a move to redefine luxury and innovation in real estate investment through tokenization. The organization aims to raise up to 70% of the capital through token sales, potentially offering revenue sharing, dividends, or resale opportunities. However, the project has sparked concerns over potential conflicts of interest, with some senators questioning Trump's business ties to Saudi Arabia.
Trump Organization to Launch Tokenized Resort in Maldives
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
