February 19, 2026 – The Trump Maldives RWA tokenisation project marks one of the first attempts to finance a luxury resort using blockchain securities. World Liberty Financial’s (WLFI) plans to tokenise loan revenue tied to Trump International Hotel & Resort Maldives, enabling accredited investors to access fixed-income payments via on-chain tokens.
The project brings together three key players. WLFI is teaming up with Securitise, an SEC-registered broker-dealer, and London-listed luxury developer DarGlobal PLC (LSE: DAR).
What Investors Actually Get
This is not a property deal. Instead, investors buy blockchain tokens that represent claims on loan interest payments tied to resort financing.
The structure pays a fixed yield. So investors gain exposure to the resort’s loan revenue without owning any real estate.
WLFI limits the offering to accredited investors who are verified. It uses SEC Regulation D Rule 506(c) as the legal framework. Retail investors cannot join.
A First-of-Its-Kind Structure
WLFI bills this as the world’s first hotel tokenisation during the build phase. As a result, investors can enter at the construction stage rather than wait until the resort opens.
The resort will open in 2030. It will include around 100 luxury beach and overwater villas.
WLFI launched the deal at its first World Liberty Forum, held at Mar-a-Lago in Palm Beach, Florida.
Why This Deal Matters for RWA Markets
Real estate accounts for a small share of the $25 billion tokenised asset market. So far, most activity has focused on stocks and funds.
But this deal shows that luxury hotels can also enter the on-chain credit market. It also puts a spotlight on blockchain fixed-income products for big investors.
Securitise CEO Carlos Domingo expects “scalable on-chain real estate products” to attract global demand when builders focus on strong compliance and governance.
Conflict of Interest
The Trump Organization does not issue or promote the tokens. However, DT Marks DeFi LLC, a firm tied to Donald J. Trump and his family, holds about 38% indirect ownership in an affiliate that earns fees from the token deal.
After the news broke, WLFI’s token jumped by around 20%. Yet the token had dropped roughly 26.7% in the 30 days before the launch.
The Bigger Picture
WLFI is strategically positioning itself at the intersection of DeFi and real estate credit. Furthermore, the USD1 stablecoin, WLFI’s dollar-linked token, may plug into the deal’s payment system.
Real estate tokenisation still faces hurdles. The rules are unclear, and the secondary markets are thin. Even so, this deal could prompt more institutions to explore asset tokenisation during the development phase.
