Overview
- Dar Global and The Trump Organization describe the venture as the first hotel development to tokenize the project’s build phase rather than a finished asset.
- The resort is planned for an island about 25 minutes by speedboat from Malé with approximately 80 beach and overwater villas and a target opening by the end of 2028.
- Dar Global told Bloomberg, as reported by Yahoo Finance, that tokens would represent shares in a fund financing the project and that it expects to retain a 30%–40% stake.
- Key details remain undisclosed, including the blockchain, investor rights, jurisdictions for the offering, trading venues and the token sale timetable, with analysts noting regulatory and liquidity risks.
- Coverage links the move to the Trump family’s broader crypto push, and Dar Global’s London-listed shares were reported up nearly 3% on Monday.