Trump’s Maldives Hotel Will Be a Tokenized Real Estate Project
The Trump Organization is set to tokenize its new luxury resort, the Trump International Hotel Maldives, in collaboration with Saudi real estate firm Dar Global. This tokenization allows investors to buy digital shares in the project, marking a significant innovation in real estate investment. The resort, expected to include 80 beach and overwater villas, is located about 25 minutes by speedboat from Malé and is scheduled for completion by the end of 2028. Eric Trump, executive vice president of the Trump Organization, emphasized that this project sets a new standard for the integration of blockchain technology in real estate ventures. Deloittes estimates that the market for real estate tokenization could reach $4 trillion by 2035, although challenges such as regulatory uncertainties and liquidity issues persist. This move underscores the growing trend of leveraging blockchain to enhance traditional financial instruments and facilitate ownership transfer.
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