Dubai and the Maldives are advancing multi-million dollar real estate tokenization initiatives. The Dubai Land Department launched a second pilot phase after tokenizing about $5 million in property. Separately, a Trump-branded Maldives resort development plans to tokenize through a partnership with Securitize and a crypto firm backed by former President Donald Trump.
The Dubai Land Department announced it would launch the second phase of a real estate tokenization pilot program. This follows about $5 million worth of Dubai real estate being tokenized, allowing the resale of about 7.8 million tokens.
The department’s infrastructure partner, Ctrl Alt, will issue “Asset-Referenced Virtual Asset management tokens” for secondary market transfers. According to Ctrl Alt, all onchain transactions for these real estate tokens will be recorded on the XRP Ledger and secured by Ripple Custody.
The Dubai Land Department predicted in May 2025 that the tokenization project could contribute about $16 billion by 2033. This would be equivalent to 7% of the jurisdiction’s total property transactions.
A separate tokenization deal involves a Trump-branded resort in the Maldives. Real estate developer DarGlobal and crypto company World Liberty Financial, backed by Donald Trump and his sons, announced plans to tokenize the development phase.
The tokenization will happen in partnership with financial technology company Securitize. DarGlobal CEO Ziad El Chaar stated, “[Tokenization] will open the door to many more investors, who would like to take part in investing in real estate but don’t have access today.”
World Liberty Financial announced the deal at a crypto-aligned event at Trump’s Mar-a-Lago property. Attendees included traditional finance and crypto industry representatives, including Goldman Sachs CEO David Solomon and Coinbase CEO Brian Armstrong.
