Trump family-supported World Liberty Financial (WLFI) recently announced a partnership with tokenization platform Securitize and London-listed developer DarGlobal to launch the first real-world asset (RWA) tokenization project, bringing the loan rights of the “Trump International Hotel & Resort, Maldives” onto the blockchain.
(Emirates royal investment in Trump WLFI sparks controversy, Democrats launch investigation)
Asset not completed until 2030: a six-year development period with variables
Although the official press release emphasizes that this is a “landmark property,” it should be noted that the resort, which is expected to include 100 beach and overwater villas, is still under development and is not expected to be completed until 2030. This means investors are purchasing a debt claim on a project that will only be fully completed six years from now, with development progress and the overall economic environment being potential variables and risks during this period.
What is the background of Securitize?
The platform responsible for the technical issuance, Securitize, was founded in 2017 and currently holds about 20% of the RWA tokenization market share. The company completed a $225 million funding round in October 2025, backed by traditional Wall Street and crypto finance giants such as BlackRock, Morgan Stanley, and Jump Crypto. The platform is already operating BlackRock’s tokenized fund BUIDL.
Securitize CEO Carlos Domingo has stated plans to go public via a special purpose acquisition company (SPAC), originally scheduled for January this year, and even intends to tokenize its own stock. Domingo openly said that going public is to gain access to capital markets to “buy others, rather than be acquired” amid the wave of consolidation in the crypto industry.
(BlackRock-backed Securitize secures further funding, plans to go public in January next year)
Retail investors are excluded: limited by U.S. securities law, only “accredited investors” can participate
Real estate tokenization faces strict regulatory barriers. To comply with regulations, these tokens will be issued as a “private placement” under the U.S. Securities Act of 1933. This means the product is only open to verified “accredited investors” or qualified non-U.S. persons, excluding general retail investors.
Trump Group only licenses the brand, still takes a 38% share of profits
According to the disclaimer and profit-sharing structure at the end of the press release, entities related to the Trump family, DT Marks Defi LLC, indirectly hold about 38% of the economic benefits through a complex structure and have the right to extract substantial profits from the token issuance. The statement emphasizes that the Trump Group and its representatives are not the issuer, sponsor, or seller of the tokens; the “Trump” branding is purely a licensing arrangement. This strong disavowal of responsibility seems somewhat evasive.
(Trump family’s World Liberty Financial applies for banking license, plans to fully control USD1 operations)
This article about WLFI’s partnership with Securitize and the tokenization of Trump hotel and Maldives resort debt rights first appeared on Chain News ABMedia.
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