Overview
- The resort near Malé is slated to include about 80 beach and overwater villas and aims to open by the end of 2028.
- The partners say they will tokenize the development phase so investors can participate from the project’s inception rather than after completion.
- Reporting indicates the tokens would track shares in a fund financing the build, while Dar Global plans to maintain a significant minority interest.
- Some outlets value the venture at roughly $300 million, but the companies have not disclosed the token sale’s timing, platform, regulatory approvals, or investor protections.
- Coverage highlights the Trump Organization’s licensing-led model and the Trump family’s broader crypto activities, with commentators raising compliance and governance questions that remain unanswered.