The Trump Organization and London-listed developer Dar Global have announced a $300 million resort in the Maldives that will be tokenized before construction is completed.
The project, expected to open in late 2028, is described as the first hotel development where investors can buy digital investment units tied directly to a property still being built.
The Trump International Hotel Maldives will be located near Malé and include about 80 beach and overwater villas. Eric Trump said the project marks an expansion of the company’s global portfolio and offers investors a new way to participate from the start of development.
Dar Global said it plans to roll out more tokenized real estate projects after this launch.
The move comes as tokenized real-world assets gain traction. Data from rwa.xyz shows the sector’s market capitalization at roughly $3.52 billion, with monthly active addresses and total holders both increasing.
The Trump Organization has been moving deeper into blockchain-linked real estate. Earlier this year, it announced that buyers could pay in cryptocurrency for units in its $1 billion Dubai tower project.
Dubai is also expanding its own tokenized property efforts through Prypco Mint, a government-backed platform aiming to tokenize up to $16 billion in real estate by 2033.
Governments and institutions are also testing tokenized finance. Singapore is preparing a pilot for tokenized government bills, while Europe is trialing tokenized sovereign debt.
A State Street study shows institutions expect their digital asset exposure to grow, with tokenized private markets seen as a major area of expansion.
