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Stock impact report

Trump Organization unveils crypto-tied hotel project in Maldives [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
The company, owned by President Trump and led by his two eldest sons, is partnering with Saudi real estate developer Dar Global to build a collection of about 80 beach and overwater villas that will be known as Trump International Hotel Maldives. The Trump Organization intends to tokenize the hotel's development, allowing investors to buy into the project “from inception,” according to a press release. Tokenization refers to the process of creating a digital representation of real-world assets on the blockchain. “We are delighted to bring the Trump brand to the Maldives in collaboration with Dar Global,” Eric Trump, who serves as executive vice president of the Trump Organization, said in a statement. “This development will not only redefine luxury in the region but also set a new benchmark for innovation in real estate investment through tokenization,” he continued. The new project marks the latest in a series of crypto-related ventures for the Trump family. Trump and his so Show less Read more
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