Eric Trump "Pursuing Real Estate Tokenization…Exploring Ways for Individual Investor Participation"
JH Kim
Summary
- Eric Trump announced plans to tokenize a Trump Group real estate project.
- He said the initiative will include World Liberty Financial and the use of its own stablecoin USD1.
- He said they are exploring ways to enable participation by ordinary small investors and raise funds without banks through tokenization.
Eric Trump, the second son of President Trump and co-founder of World Liberty Financial (WLFI), said in an interview with CoinDesk on the 15th (local time) that "we plan to tokenize a new real estate project of the Trump Group," and added that "the initiative will include World Liberty Financial and the use of its own stablecoin USD1."
He added that "we are considering ways to raise funds without banks through tokenization and to enable participation by ordinary small investors."
Earlier, Jack Witkoff, CEO of WLFI, stated at the Token2049 conference that "there are plans to tokenize real estate owned by President Donald Trump's family."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)
![[Market] Bitcoin slips below $75,000…Ethereum also falls under $2,200](https://media.bloomingbit.io/PROD/news/eaf0aaad-fee0-4635-9b67-5b598bf948cd.webp?w=250)