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Eric Trump has confirmed that World Liberty Financial (WLFI) is developing a real estate tokenization plan in conjunction with a new building under construction. The project will enable ordinary investors to purchase fractional ownership via blockchain technology. It becomes part of the ecosystem of WLFI and the native USD1 stablecoin to ensure transactions are made safe and transparent.
Trump declared in an interview with CoinDesk TV, which will air next week, that investors can invest as little as $1,000. He was also able to include that participants can receive benefits such as hotel privileges or access to certain real estate facilities. The model aims to increase the accessibility of high-value properties and provide liquidity and efficiency through tokenized investment.
The tokenization plan aims to circumvent the traditional financing channels by allowing direct investor engagement through crypto infrastructure. Trump highlighted that the goal is to make the Trump family's real estate portfolio accessible to international investors and to bring together the real estate and digital markets.
World Liberty Financial, launched in the previous year, is poised to integrate traditional finance with blockchain technology. The company is still developing products that will facilitate the adoption of cryptocurrency, such as a payment application and a debit card to support transactions of $ 1 or less. In 2021, Co-founder Zach Witkoff mentioned that the vision of WLFI includes the transfer of significant real estate properties. The project aligns with the general trend in the industry, where large institutions are embracing tokenization as a means of enhancing the liquidity and accessibility of assets.
Plans to increase awareness have not helped the WLFI token, as it has experienced price drops over the past few days. According to data from CoinMarketCap, the current price of the token is $0.1382, representing a 0.38% decrease in the last hour and a 4.23% decrease over the past 24 hours. WLFI declined significantly by 26.06% in the previous week.
The continued progress of tokenizing the WLFI platform may impact perceptions of blockchain-based real estate. The further development of the project and a better understanding of its implementation timeline are likely relevant factors that will determine investor confidence.
The way the firm regulates itself and the transparency of its operations can also be key to its mainstream appeal. The overall crypto industry is also experiencing its ups and downs. Still, it is considered by analysts to be a tokenization opportunity, which may offer a new path to investing in and owning real estate.
