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Saudi luxury developer Dar Global, known for its partnership with The Trump Organization on several international projects, has indicated earlier this week that it intends to raise a substantial share of financing for its upcoming Trump International Hotel in the Maldives by offering blockchain-based tokens to U.S. retail investors. The company, which is listed in London and active across the Middle East, is in discussions with the U.S. Securities and Exchange Commission regarding the proposed tokenisation. Its CEO, Ziad El Chaar, noted that the plan was driven by the scale of the U.S. crypto investor market.
Saudi luxury real estate firm Dar Global recently announced that it intended to cover a major portion of its funding requirements for its planned Trump International Hotel in the Maldives by issuing blockchain-based crypto tokens to retail investors in the United States. The company's chief executive, Ziad El Chaar, explained in London that it expected as much as 70% of the project's financing to come from token holders, noting in indirect remarks that the U.S. remained the largest crypto market with the highest concentration of investors. Advertisement
Dar Global, which is listed in London, is one of The Trump Organization's prominent overseas development partners, currently involved in seven ongoing ventures. These include an 80-storey tower in Dubai, a golf resort in Qatar, and a series of hotel and residential projects throughout Saudi Arabia and Oman. The company's approach marks a shift from the more traditional route of securing capital from institutional investors or high-net-worth family offices, which typically support large-scale real estate developments.
A company spokesperson said earlier this week that Dar Global was already in talks with the U.S. Securities and Exchange Commission to assess the regulatory pathway for such a retail token offering. The spokesperson added that the firm was also reviewing opportunities to introduce similar tokenisation models in other, as yet unnamed, jurisdictions. Neither The Trump Organization nor the SEC provided immediate comment.
El Chaar remarked that he had no concerns about any additional scrutiny linked to the Trump brand, adding in indirect speech that the political dimension associated with the brand did not fall within the company's area of focus.
Dar Global's plan to tokenise a significant share of funding for its Maldives hotel reflects a broader industry shift toward alternative capital-raising mechanisms, particularly at a time when global developers are experimenting with blockchain-backed investment structures.
Source - Reuters
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