Trump Organization To Tokenize Maldives Resort Development For...

The tokenized luxury resort development plan may set a “new benchmark” for tokenized real estate investment, said Eric Trump.

The Trump Organization and London-listed luxury real estate developer Dar Global are debuting a tokenized luxury hotel development project in the Maldives, one of the world’s most exclusive holiday destinations.

The Trump Organization and Dar Global are tokenizing the development of a luxury hospitality project, introducing an “unprecedented financial innovation,” according to a joint announcement on Monday.

Unlike most tokenized real-estate projects, which fractionalize ownership of completed or near-completed properties, the initiative will allow investors to gain exposure at the earliest stages of development.

The development plans aim to capitalize on the advantages of the emerging real-world asset tokenization sector, which mints tangible assets on the blockchain ledger, offering more investor access through fractionalized shares and 24/7 trading opportunities.

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The new resort development initiative will set a “new benchmark for tokenized real estate investments, according to Eric Trump, executive vice president of The Trump Organization.

“This development will not only redefine luxury in the region but also set a new benchmark for innovation in real estate investment through tokenization,” he said.

The Trump Organization did not immediately respond to a request for comment on what specific investment opportunities will be made available through the tokenized model.

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Source: CoinTelegraph