Trump Firm Plans Tokenized Maldives Resort With Saudi Partner

The Trump Organization is planning a $300 million luxury resort in the Maldives with its Saudi Arabian partner and plans to tokenize the hotel development project.

Trump International Hotel Maldives will include 80 ultra-luxury beach and overwater villas and will be built with Dar Global Plc, the two companies said in a joint statement on Monday.

The deal will also mark “the launch of the world’s first tokenized hotel development tied to the project,” the companies said. Tokenization typically involves issuing and transferring traditional assets — such as ownership of a property — using blockchain technology. That potentially allows an ...