US President Donald Trump's conglomerate and Dar Global are planning to build a new luxury resort in the Maldives – and the development will be tokenised as the former boosts its holdings in digital assets.
The Trump Organisation and London-listed Dar Global will launch Trump International Hotel Maldives, the first Trump-branded property in the South Asian country, Dar Global said in a statement on Tuesday.
Dar Global, the global investment arm of Saudi Arabia’s Dar Al Arkan, said the development – worth a reported $300 million – will issue tokens in its development phase instead of when completed, “offering investors the opportunity to participate in a high-growth, premium real estate project from inception”.
Property tokenisation enables fractional ownership, where each asset is divided into shares based on investors' budget and financial strategy.
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