Saudi real estate firm to tokenize Maldives Trump hotel; targets US investors: report
The Block
Saudi developer Dar Global plans to finance its Trump-branded Maldives hotel by tokenizing up to 70% of the development phase for US retail investors.Summary
Saudi real estate developer Dar Global intends to finance a significant portion of its new Trump-branded luxury resort in the Maldives by tokenizing up to 70% of the project using blockchain technology, targeting U.S. retail investors. Unlike typical real estate tokenization of completed assets, this initiative will tokenize the development phase, offering investors exposure from the project's inception. The project is valued around $300 million, and Dar Global aims to retain a 30% to 40% stake. Dar Global is currently in discussions with the U.S. Securities and Exchange Commission regarding the token sales. The resort, featuring about 80 villas, is scheduled to open by the end of 2028.
(Source：The Block)