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World Liberty Financial (WLFI) said it will tokenize “loan revenue interests” linked to the Trump International Hotel & Resort, Maldives, in a partnership with DarGlobal and Securitize. The release, datelined Palm Beach, Florida, describes the product as a WLFI-branded tokenized real-world asset offering tied to loan interest-related cashflows associated with the development.
The offering will be structured as an unregistered securities sale under U.S. exemptions, with sales limited to verified accredited investors pursuant to Rule 506(c) of Regulation D and to non-U.S. persons in offshore transactions under Regulation S. WLFI said tokens will face significant transfer and resale restrictions and that offering documents will be provided through a private placement memorandum; it also said issuance is expected on “supported public blockchains” and that it may enable certain on-chain utilities, including the ability for eligible users to use holdings as loan collateral through WLFI Markets where permitted by law.
DarGlobal is described in the release as the owner and developer of the Maldives project, which it says was created in collaboration with the Trump Organization. The same announcement includes a trademark and roles disclaimer stating that the Trump Organization and its affiliates are not issuers, sponsors, promoters, or sellers of the tokens, and that the “Trump” name is used by DarGlobal solely under a trademark license agreement without endorsement.
Securitize’s role is positioned as tokenization and regulated-market infrastructure: the release says Securitize operates in the U.S. as an SEC-registered broker-dealer, transfer agent, fund administrator, and operator of an SEC-regulated alternative trading system, and in Europe as an authorized investment firm and trading and settlement system under the EU DLT Pilot Regime. Separately, Reuters has previously reported on governance and economic interests connected to WLFI, including a Trump-affiliated entity’s ownership stake in the broader structure and reporting about a WLFI-linked stablecoin and its stated backing. On project details, the Business Wire announcement describes completion in 2030 and approximately 100 villas, while a Trump Organization release in November 2025 described an end-2028 opening and roughly 80 villas, indicating published specifications have not been consistent across announcements.
For market participants, the immediate practical effect is that access—if and when the private placement proceeds—would be restricted to verified accredited investors (Reg D 506(c)) and eligible non-U.S. participants (Reg S), and any secondary transferability would be constrained by the stated resale restrictions rather than open retail distribution. Issuers and platforms involved in similar structures remain anchored to existing securities-law exemptions and regulated intermediaries, with the tokenization layer operating within those boundaries as described by Securitize’s regulated roles.
