World Liberty Financial will tokenize the Maldives resort project, with a divestment mechanism.

WLFI-0,45%

World Liberty Financial (WLFI) partners with Saudi real estate developer DarGlobal to launch a tokenized ultra-luxury resort project in the Maldives, scheduled to open in 2030.

The project includes 100 beachfront and overwater villas, with a total value of approximately $300 million. Instead of tokenizing completed assets, WLFI issues tokens during the development phase to open up opportunities for “development profits”—a share of profits typically enjoyed by major banks in commercial real estate deals.

According to the announcement, the tokens will provide fixed yields and cash flow from lending activities related to the project. In the future, investors may receive income distributions or profits from asset sales. Notably, the project features an “exit” mechanism for accredited investors, allowing them to divest if they no longer wish to hold.

DarGlobal stated it will hold a minimum of 30% equity in the project, higher than the usual 10%, to demonstrate a long-term commitment.

The tokens will be issued through Securitize’s platform. CEO Carlos Domingo acknowledged that real estate is one of the most challenging asset classes to tokenize effectively, mainly due to liquidity issues—since tokenization does not automatically convert illiquid assets into liquid ones.

WLFI co-founder Eric Trump said the project aims to expand options for crypto investors with longer-term horizons. However, the product is currently only available to accredited investors. Later, investors may also be able to convert tokens into direct equity in the resort, along with some “lifestyle” benefits expected to be announced soon.

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