The post Trump Organization, Dar Global Reveal World’s First Tokenized Luxury Hotel in Maldives appeared first on Coinpedia Fintech News
The Trump Organization has teamed up with a Saudi Arabian partner, Dar Global, to launch a tokenized luxury hotel project in the Maldives.
The project involves tokenizing the development of a luxury hospitality project, which will allow investors the chance to participate from the earliest stages of development. Read on to know more about the details.
First Tokenized Luxury Project
Dar Global, a London-listed luxury real estate developer, and the Trump Organization announced two significant milestones: the debut of the Trump International Hotel Maldives, the brand’s first property in the Maldives, and the launch of the world’s first tokenized hotel development tied to the project.
The companies note that this partnership introduces “an unprecedented financial innovation”, making it the first luxury hospitality project to be tokenized for investment and also brings the Trump brand to one of the world’s most exclusive destinations.
The Trump International Hotel Maldives will feature 80 ultra-luxury beach and overwater villas, designed for travelers looking for the highest levels of privacy, exclusivity, and sophistication.
The resort is set to open by the end of 2028.
What Makes This Initiative Unique
Unlike previous models that tokenize completed assets, this initiative tokenizes the development phase itself, offering investors the opportunity to be involved in a high-growth, premium real estate project from inception.
Eric Trump, Executive Vice President of The Trump Organization said that this will set a new benchmark for innovation in real estate investment through tokenization.
Ziad El Chaar, CEO of Dar Global, said that tokenising Trump International Hotel Maldives will mark a global first, that combines luxury, innovation, and technology, transforming how the world invests in hospitality.
Trump Brand Expands in Gulf
This development comes as President Trump and his family continue to expand their presence in the global crypto space. According to a report from Bloomberg, this project is part of a series of developments by the two firms, bearing Trump name.
Most of these projects are in the Gulf region, including Dubai, Saudi Arabia, Oman, and Qatar. Dar Global is building Trump Towers in Jeddah and Dubai, and is collaborating with the Trump Organization on resorts, luxury homes, and golf courses in Qatar and Oman.
Tokenization on the Rise
Tokenized real estate is gaining momentum. According to Deloitte Center for Financial Services, the value of tokenized real estate is expected to skyrocket from under $300 billion in 2024 to around $4 trillion by 2035.