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WLFI News
World Liberty Financial haschosen BlackRock-backed Securitize as its partner to bring a slice of the Trump Organization’s Maldives development onto the blockchain, structuring the offering around loan interests rather than direct property ownership. The deal was announcedon Wednesday alongside the company’s Mar-A-Lago crypto conference.
Accredited investors will be able to purchase tokens representing interests in a development loan connected to the Trump International Hotel and Resort in the Maldives, receiving fixed yield and payments tied to that loan’s performance. The offering falls under U.S. private placement exemptions, with resale restrictions applying to all token holders.
Securitize has previously partnered with BlackRock, Hamilton Lane, and Apollo Global Management on tokenized fund and private credit products issued across public blockchains. BlackRock and ARK Invest both hold equity stakes in the firm, which is also pursuing a public listing through a merger with a Cantor Fitzgerald-backed special-purpose acquisition vehicle.
The Maldives resort is a joint development between DarGlobal and the Trump Organization, designed to include roughly 100 beach and overwater villas with a projected completion date of 2030. World Liberty Financial first disclosed plans to tokenize the project in November, following Eric Trump’s October remarks on CoinDesk TV signaling the company’s intent to bring a real estate project on-chain.
Eric Trump, co-founder of World Liberty Financial, said the announcement extends the company’s stated mission of broadening access to decentralized finance. “We built World Liberty Financial to open up decentralized finance to the world,” he said. “With today’s announcement, we are now extending that access to tokenized real estate.” Securitize will manage both the token issuance process and compliance obligations for the offering.
Real estate currently occupies a relatively small portion of the tokenized asset market, which stands at approximately $25 billion across all asset classes. While blockchain-based settlement and ownership records offer potential process improvements, an EY report published last year pointed to inconsistent regulatory frameworks and shallow secondary market activity as the primary barriers holding the sector back.
WLFIfell 6.6% in the 24 hours surrounding the announcement, trading at $0.1163.
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