Saudi real estate company will tokenize the Maldives Trump Hotel, targeting American investors

According to a Reuters report, Saudi real estate developer Dar Global plans to raise most of the funding for its new Trump-branded hotel project in the Maldives by tokenizing the project and selling tokens to retail investors in the United States.

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 the distribution of token holders. Unlike the typical model where tokenization occurs after the real estate is built, this plan with the Trump Group indicates that tokenization will take place during the development phase, allowing investors to gain exposure from the project's inception, according to a press release issued on Tuesday.

According to another Bloomberg report, the Maldives project is currently valued at approximately $300 million, and Dar Global intends to retain a 30% to 40% ownership stake.