Trump family's World Liberty Financial delay plans to sell Maldives resort token

FinanceTrump family's World Liberty Financial delay plans to sell Maldives resort tokenThe token’s sale has been pushed back due to the Iran war disrupting travel in the region.By Jamie Crawley|Edited by Oliver Knight52 min ago1 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowWorld Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives.The token’s sale has been pushed back due to the Iran war disrupting travel in the region.The venture is part World Liberty Financial’s plans in tokenization, the representation of RWAs on blockchains in token form. WLFI is exploring this concept not just in real estate, but in commodities like oil and gas.World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday.The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed back due to the Iran war disrupting travel in the region, according to the report, citing people familiar with the matter. World Liberty Financial tapped real-world asset (RWAs) platform Securitize in February to help represent loan interests tied to the resort’s development as a digital token that could be traded onchain.It is unclear when the token will now be listed.The venture is part World Liberty Financial’s plans in tokenization, the representation of RWAs on blockchains in token form. WLFI is exploring this concept not just in real estate, but in commodities like oil and gas.A World Liberty Financial spokesperson declined to comment, according to Bloomberg’s report. The company did not immediately respond when contacted by CoinDesk for additional comment.The protocol’s native token WLFI rose by 2.7% on the news before giving back all of t…

Trump family's World Liberty Financial delay plans to sell Maldives resort token

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