Trump family's World Liberty Financial delay plans to sell Maldives resort token
The token’s sale has been pushed back due to the Iran war disrupting travel in the region.
World Liberty Financial, a cryptocurrency project backed by the Trump family, has delayed plans to sell a token associated with a resort in the Maldives, according to Bloomberg. The token, which was originally scheduled to go on sale next year, would have given investors a share of revenue from loans financing the development of the Trump-branded resort.
However, the delay is attributed to the ongoing Iran war, which has disrupted travel in the region, according to people familiar with the matter. The token was being developed with the help of a real-world asset (RWAs) platform called Securitize in February. It remains unclear when the token will now be listed. This project is part of World Liberty Financial's broader plans to tokenize real estate and commodities like oil and gas.
A spokesperson for the company declined to comment on the delay, and CoinDesk was unable to obtain additional information.
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