Trump Real Estate Portfolio Could Be Tokenized on Blockchain

Zach Witkoff, son of US special envoy Steve Witkoff, proposes to tokenize Trump family's real estate portfolio, making it accessible to a wider pool of investors. This would involve issuing tokens on blockchain, similar to BlackRock's tokenized money-market funds. The Trump family has expanded into crypto this year, with ventures in Bitcoin mining, memecoins, Bitcoin treasury, and plans for crypto ETFs.

Zach Witkoff, son of US special envoy Steve Witkoff, has proposed tokenizing the Trump family's real estate portfolio, making it accessible to a wider pool of investors. This move follows the Trump family's expanding involvement in the cryptocurrency sector, which includes ventures in Bitcoin mining, memecoins, Bitcoin treasury, and plans for crypto ETFs Witkoff’s Son Wants to Turn Trump Real Estate Into Crypto Tokens^[3].

The proposal by Witkoff, who is also co-founder of World Liberty Financial and chairman of ALT5 Sigma, aims to democratize access to high-end real estate investments. "The Trump family has one of the most exciting real estate asset portfolios in the world," Witkoff said at the Token2049 event in Singapore. "What if I told you that you could, you know, go on an exchange and buy one token of Trump Tower Dubai?" Witkoff’s Son Wants to Turn Trump Real Estate Into Crypto Tokens^[3].

The idea of putting real-world assets onto blockchain has been gaining traction, with companies like BlackRock Inc. issuing shares in their money-market funds as tokens. Tokenizing real estate has lagged behind due to complexity and past scams, but Witkoff believes this could change with the right infrastructure Witkoff’s Son Wants to Turn Trump Real Estate Into Crypto Tokens^[3].

The Trump family's real estate business includes golf courses and luxury hotels around the world. In President Donald Trump's second term, the Trump Organization pursued partnerships in foreign locations including Bucharest and Jeddah Trump Organization, Dar Global Sign $1 Billion Real Estate Deal in Saudi Arabia’s Jeddah^[1]. The yet-to-be-built 80-floor Trump Tower International Hotel and Tower in Dubai was announced earlier this year, featuring "The Trump," a private, members-only club Witkoff’s Son Wants to Turn Trump Real Estate Into Crypto Tokens^[3].

While Witkoff didn't specify whether World Liberty or Alt5 would tokenize the assets, the proposal aligns with the broader trend of the Trump family's expanding crypto involvement. This includes a recent $1 billion real estate deal with Saudi property developer Dar Global to construct a "mixed-use community" in Jeddah Trump Organization, Dar Global Sign $1 Billion Real Estate Deal in Saudi Arabia’s Jeddah^[1].

The proposal by Witkoff is significant as it could potentially open up the Trump family's real estate portfolio to a broader range of investors, potentially increasing liquidity and accessibility. However, it also raises questions about the regulatory environment for tokenized assets and the potential risks associated with blockchain technology.