PANews reported on November 17th that, according to Bloomberg, the Trump Organization is planning to develop a luxury resort in the Maldives with its Saudi Arabian partners and intends to tokenize the hotel development project. In a joint statement on Monday, the two companies said the Trump International Hotel Maldives project will include 80 ultra-luxury beach villas and overwater villas, and will be jointly developed by the Trump Organization and Dar Global Plc.

Dar Global is a London-listed subsidiary of a Saudi developer. The Maldives resort, scheduled to open by the end of 2028, is just a 25-minute speedboat ride from the capital, Malé. The project's tokenization will allow investors to participate in the development phase, offering digital shares that investors can purchase in token form.