Donald Trump · Iran · CoinDesk
Trump family's World Liberty Financial delay is set to sell Maldives resort token
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World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, on Friday.
Key facts
- The protocol’s native token WLFI rose by 2.7% on the news before giving back all of the gains and returning to parity
- The venture is part World Liberty Financial’s plans in tokenization, the representation of RWAs on blockchains in token form
- A World Liberty Financial spokesperson declined to comment, ’s report
- World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, on Friday
Summary
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. 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.