PANews reported on October 16th that Eric Trump, son of US President Donald Trump and co-founder of the decentralized finance protocol WLFI, has stated that he is actively pursuing a real estate tokenization project related to buildings currently under development. He stated that the project could offer fractional ownership to the public, possibly through a cryptocurrency channel built by World Liberty Financial. Previously, WLFI co-founder Zach Witkoff had proposed tokenizing Trump's real estate portfolio and putting it on a blockchain.
Eric Trump stated that applying a tokenized model could open up investment opportunities for his family's global base of supporters. He envisioned offering micro-shares in "high-profile properties" directly to retail investors, rather than financing through traditional lenders. He described a model whereby investors might invest as little as $1,000 to acquire partial ownership of a building, with additional benefits like hotel discounts or exclusive access. While specific details remain sketchy, he stated that the initiative would integrate with World Liberty Financial and its USD1 stablecoin.
