The Trump Organization, the real estate firm tied to the U.S. President's family, is putting a new luxury resort in the Maldives onchain.

The Trump International Hotel Maldives will be built in partnership with Saudi real estate development firm Dar Global, which said it plans to tokenize the development itself, letting investors buy digital shares tied to the project from the early stages.

The resort, about 25 minutes by speedboat from the island nation's capital Malé, will include 80 beach and overwater villas and is slated to open by the end of 2028,

"This development set a new benchmark for innovation in real estate investment through tokenization," said Eric Trump, the Trump Organization's executive vice president.

The announcement comes on the heels of Eric Trump, son of Donald Trump, confirming last month real estate tokenization plans in an interview with CoinDesk TV, describing plans to develop a building that will be tokenized via WLFI$0.1470, the crypto platform with close links to the Trump family.

Tokenization of assets has gained steam in recent years as financial firms use blockchain rails to move and record ownership of traditional financial instruments like funds, bonds, credit and stocks. Real-estate tokenization is projected to become a key method of financing, owning, and trading properties, potentially reaching a $4 trillion market size by 2035, according to a Deloitte Center for Financial Services report.

While tokenization could bring efficiency gains to real estate investment, risks like regulatory uncertainty, liquidity issues and security vulnerabilities still remain, an EY reportp pointed out earlier this year.

Read more: Eric Trump Confirms Plans to Tokenize Real Estate With World Liberty Financial