Trump-branded resort delays digital token plan

Synopsis

World Liberty Financial, along with its partners, has pushed back the launch of a digital token sale linked to a luxury Maldives resort. This token was designed to give investors a slice of the revenue generated from resort loans. Originally set for this spring, the event is now delayed due to ongoing travel disruptions caused by the conflict with Iran.

Donald Trump Jr.

World Liberty Financial and its partners have delayed plans to sell a digital token tied to a Trump-branded resort in the Maldives, putting on hold one of the more ambitious projects in the crypto venture's push to bring real-world assets onto the blockchain.

The token, which would give investors a share of revenue from loans financing the resort, was supposed to go on sale this spring. The offering has been pushed back as the war with Iran disrupts travel, people familiar with the matter said. The Maldives project, being developed by UK-based Dar Global Plc, was meant to be an early showcase for World Liberty's ambitions beyond conventional digital assets. Over the past year, the company co-founded by US President Donald Trump and his sons has discussed tokens tied to everything from real estate and investment funds to oil and gold, people familiar with the matter said.

"Dar Global continues to advance its partnership with the Trump Organization," chief executive officer Ziad El Chaar said. "We consistently evaluate the development and roll-out schedules of our global portfolio to ensure they align with market conditions, regulatory requirements, and our long-term strategic objectives."