The Trump Organization plans to develop a tokenized resort in the Maldives with its Saudi partners.

According to Odaily, the Trump Organization is partnering with Saudi Arabian company Dar Global Plc to develop a luxury resort in the Maldives and plans to tokenize the project. In a joint statement, the two companies said the proposed Trump International Hotel Maldives project will include 80 ultra-luxury beach and overwater villas, jointly developed by the Trump Organization and Dar Global.

The resort, expected to open by the end of 2028, is approximately a 25-minute speedboat ride from Malé. The project developers state that tokenization will allow investors to participate in the development phase by contributing digital shares. (Bloomberg)