Saudi luxury developer Dar Global plans to fund up to 70% of its new Trump International Hotel in the Maldives by selling blockchain-based tokens to U.S. retail investors, CEO Ziad El Chaar told Reuters.
The London-listed firm is one of The Trump Organization’s key global partners, with seven projects underway including an 80-storey Dubai tower, a Qatar golf resort, and luxury developments across Saudi Arabia and Oman.
“We want to tokenize 70% of the development fund… The biggest crypto market is the U.S.,” El Chaar said.
Dar Global is in discussions with the U.S. SEC and exploring options in other markets. The Trump Organization and SEC did not comment.
El Chaar said political scrutiny tied to the Trump brand is “not our domain.”
If approved, the initiative would be one of the largest tokenized real-estate offerings, marking a bold step in merging blockchain with luxury property development.