Saudi Developer Tokenizes Trump Maldives Hotel Project via Blockchain
Dar Global, a Saudi real estate developer, is pioneering blockchain-based financing for its $300 million Trump-branded luxury hotel in the Maldives. The firm plans to tokenize 70% of the under-construction project, offering early revenue participation to US investors through digital assets.
CEO Ziad El Chaar confirms tokenization will begin during the initial development phase, aligning with the TRUMP Organization's push to digitize real estate finance. This model marks a departure from traditional asset tokenization, instead fractionalizing future upside in a high-profile hospitality venture slated for 2028 completion.
Dar Global retains 30-40% equity, deploying blockchain to democratize access to premium property investments. The MOVE signals growing institutional adoption of tokenization frameworks, particularly for cross-border capital formation in emerging markets.