Eric Trump, son of US President Donald Trump and co-founder of a decentralized finance protocol WLFI$0.1446said it is actively working on real estate tokenization projects related to buildings currently under development.
He hinted at the plan in an interview with CoinDesk TV next week, saying the effort could offer fractional ownership to the public and could utilize crypto rails built by World Liberty Financial.
“It’s about a particular building that I’m working on right now, and I’m working on it,” Trump said in an interview. “I think it’s going to be really incredible.”
His comments followed those of WLFI’s other co-founder, Zach Witkoff, who floated plans to bring the Trump real estate portfolio on-chain during a panel discussion at the Token2049 event in Singapore in early October.
Tokenization refers to the process of turning traditional assets such as bonds, credits, stocks, or, as in this case, real estate, into digital tokens that can be bought, sold, and transferred on blockchain rails. This is a model that is increasingly being considered by banks and asset managers around the world as a way to free up liquidity and widen investor access to traditionally exclusive asset classes.
President Trump suggested in an interview Wednesday that applying a tokenization model could open up investment opportunities to his family’s global constituency. He said the company envisions offering micro-stakes in “high-profile real estate” directly to individual investors, rather than getting loans through traditional lenders.
“If I decide to build a hotel in Washington, D.C. or Dubai or New York, why should I use Deutsche Bank?” he said. “Why can’t you go out in front of the public?”
He described a model where investors can contribute as little as $1,000 to gain partial ownership of a building and receive additional perks such as hotel perks and exclusive access.
Although details are not yet clear, he hinted that the initiative will be integrated with World Liberty Financial and its USD stablecoin USD1. World Liberty Financial was founded last year with a focus on merging crypto infrastructure and traditional financial services.
Last month, the protocol announced plans to soon roll out a debit card and retail application, which would allow a USD 1 stablecoin to be used for everyday payments, CoinDesk reported.
The full interview will be broadcast on CoinDesk’s YouTube channel on October 21st.
Read more: World Liberty Financial stablecoin linked to President Trump needs better certification report, NYDIG says
