Saudi Real Estate Company to Tokenize Maldives Trump Hotel, Targeting U.S. Investors

BlockBeats News, November 19, according to Reuters, Saudi real estate developer Dar Global plans to tokenize the new Trump-branded hotel project in the Maldives and sell tokens to U.S. retail investors to raise the majority of the project's funding. Dar Global CEO Ziad El Chaar told Reuters that the company will tokenize up to 70% of its luxury resort project as a primary financing strategy, leveraging blockchain technology to maximize token holder distribution. Unlike the typical model where tokenization occurs after real estate is completed, Dar Global's plan with the Trump Group indicates that the development phase will be tokenized, allowing investors to gain exposure from the project's inception, according to a press release issued on Tuesday. According to another report by Bloomberg, the Maldives project is currently valued at approximately $300 million, and Dar Global intends to retain a 30% to 40% ownership stake.