Eric Trump has announced plans for a new project that will tokenize real estate project with World Liberty Financial, a company that he co-founded, and its stablecoin USD1.
In an interview with CoinDesk, Trump said this endeavor would offer fractional ownership in the Trump Organization real estate portfolio to the public; Trump is the executive vice president in his family’s real estate business.
While specific details of the project were not disclosed, Trump said he envisioned offering micro-shares in “high-profile properties” directly to retail investors as an alternative financing route. He noted this could potentially require as little as $1,000 for a partial ownership of a property, with extra benefits including hotel perks or exclusive access.
“If I decided to build a hotel in Washington, DC or in Dubai or in New York, why do I have to go out using Deutsche Bank?” he said. “Why can’t I go out to the masses?”
Zach Witkoff, another WLFI co-founder, raised similar plans earlier this month at the Token2049 event in Singapore. Trump added, “We are working on it as it pertains to one specific building that I’m doing right now. I think it’s going to be absolutely incredible.”
Photo by Xuthoria / Wikimedia Commons
“…(Eric) Trump is the executive vice president in his family’s real estate business.” Who is President???
me!
President is God. 🙂
I’d be interested. Sounds good to me.
I am very interested. I think it may be a great investment option.
Interested…more info please
Prepare to send your money to the Trump famiky andnwatch it disappear.
Ponzi ?
I think using the power of Blockchain technology, a decentralized ledger that records transactions across a network of computers. Each transaction grouped into a block, which is then linked to the previous block using cryptographic hashes, creating a secure and tamper-proof chain of data, can produce a simple method of fractional ownership regardless of how large or small the investment, without the complexities currently used to record ownership changes and records. This can also work for financing with each investor assured their fractional share of the investment without having cumbersome, costly and complicated documentation, recording procedures and accounting methodologies. It will be interesting to see how the tax collector will be charging the doc stamps without any docs to record at the county courthouse and the same for the financing end of the transaction.
I wouldn’t trust this at all!
This family has a long reputation for screwing investors, lenders, and vendors. Buyer beware for sure. I wouldn’t consider it for a minute.
I’m interested and trust the Trump family completely.
Would never trust this family with money… Bankruptcy, too many to count!
Crooks never stop screwing others. Invest and enjoy your loses. Snake oil salespeople DJT, Eric, Don Jr, Ivanka, Jared, all Kushner’s, etc.
I am very interested in purchasing.
Why can’t people give credit where credit is due? Trump organization has proven itself successful for decades. Its easier for those indigent people to cut someone down than take the risk, do the work and be something other than a negative boil on society. This sounds like a viable option for people to invest in. Check the contracts and do your homework, stop complaining…..stay faithful…