- Dar Global aims to tokenize most of its Maldives Trump-branded resort to fund the development phase.
- The company is in active discussions with the U.S. SEC as it targets U.S. retail investors for the token sale.
- The Maldives project forms part of a wider development pipeline shared by Dar Global and the Trump Organization.
Saudi developer Dar Global plans a new funding method for its Trump-branded Maldives resort. The company prepares a tokenized sale for much of the project. The plan directs attention toward U.S. investors as the company structures a blockchain-based approach for the development phase. The move aligns with internal financing goals while it brings a different model into a large hospitality project.
Company Outlines Tokenization Plan
Dar Global CEO Ziad El Chaar told Reuters that the company will tokenize up to 70% of the resort project. The company aims for wide distribution through the tokens. The plan covers the development phase, not the finished estate. The approach offers investors exposure from the first stage of construction. The structure differs from typical models that rely on completed assets. The company expects strong interest because the project carries a large valuation.
The Maldives resort carries an estimated value of about $300 million. Dar Global intends to keep a stake between 30% and 40%. The development sits about 25 minutes from Malé by speedboat. The site includes plans for roughly 80 villas across beach and overwater sections. The company targets an opening near the end of 2028. The design follows the group’s broader regional strategy as it manages several active projects.
Regulatory Discussions Continue
Dar Global holds ongoing discussions with the U.S. Securities and Exchange Commission about the token sale. The plan centers on access for U.S. retail investors. The company works through regulatory steps as it prepares the structure. The Trump Organization participates in the project through its branded partnership. Eric Trump said the development introduces a new investment format for the region through tokenization. The project continues to advance as both groups refine the financing structure.
Dar Global and the Trump Organization share several projects across the Middle East. These include an 80-story tower in Dubai along with luxury homes and golf estates. The Maldives resort stands out because it uses tokenization as its primary financing strategy. The model may shape future projects if the process works as expected. The company monitors progress while it pursues the next steps in development.
