Trump partners on tokenized Maldives resort

NEW YORK CITY – As The Trump Organization expands its cryptocurrency business, news comes that it is launching a tokenized hotel development in partnership with the London-based unit of Saudi luxury real estate developer Dar Global with Trump International Hotel Maldives set to open by the end of 2028.

In what the Trump Organization calls a first, this initiative tokenizes the development phase itself, offering investors the opportunity to participate in the real estate project from inception.

Located just 25 minutes by speedboat from Malé, the Trump International Hotel Maldives will feature approximately 80 ultra-luxury beach and overwater villas.

The partners have also worked on projects including Dar Global’s Trump Towers in Jeddah and Dubai, as well as resorts, luxury homes and golf courses in Qatar and Oman.

“We are delighted to bring the Trump brand to the Maldives in collaboration with Dar Global,” said 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.”

Ziad El Chaar, CEO of Dar Global, added, “Dar Global continues to push boundaries, from developing world-class destinations to pioneering new investment structures. Tokenizing the development of Trump International Hotel Maldives marks a global first that blends luxury, innovation, and technology in a way that will transform how the world invests in hospitality.”

The Deloitte Center for Financial Services predicts that $4 trillion of real estate will be tokenized by 2035, increasing from less than $300 million in 2024, with a CAGR of 27%.

In 2022, Saudi Arabian Dar Al Arkan Real Estate Developer dropped a limited number of utility NFTs (non-fungible tokens) for its $1.6 billion AIDA mixed-use project in Oman. It is a partnership between Dar Al Arkan and the Oman Tourism Development Company (OMRAN Group).