USD1 (stablecoin)
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Want To Own A Piece Of Trump Tower? Son Of US Mideast Envoy Mulls Tokenizing Trump Real Estate
Yahoo Finance· 2025-10-07 19:31
Core Viewpoint - The Trump family is exploring the tokenization of their real estate assets, allowing broader access to investments in high-value properties like Trump Tower Dubai [2][4]. Group 1: Trump Family Real Estate Portfolio - The Trump family possesses a significant real estate asset portfolio, which is considered one of the most exciting globally [2]. - Trump Tower Dubai is an 80-story international hotel project, expected to feature luxury apartments and penthouses starting from $1 million [3]. Group 2: Tokenization and Investment Access - Discussions are ongoing at World Liberty Financial regarding the tokenization of properties owned by the Trump family, aiming to democratize access to Class A real estate investments [4][5]. - The project is projected to cost around $1 billion, with completion anticipated by late 2031 [4]. Group 3: World Liberty Financial Initiatives - World Liberty Financial, co-founded by Zach Witkoff, is linked to the Trump family and is focused on decentralized finance [2]. - The company currently offers a stablecoin called USD1 and plans to launch lending services, along with a debit card for cryptocurrency payments [5].
World Liberty Financial to launch debit card as early as this year
Yahoo Finance· 2025-10-01 07:18
Group 1: Company Overview - World Liberty Financial, a crypto venture backed by the family of U.S. President Donald Trump, plans to launch a debit card to connect crypto assets with everyday spending [1] - The CEO, Zach Witkoff, announced a pilot program for the debit card in the next quarter, with a full launch expected in Q4 2025 or Q1 2026 [1] Group 2: Tokenization and Asset Management - World Liberty Financial is considering tokenizing assets such as real estate and oil and gas, with their tokens, known as $WLFI, launched at the beginning of the month [2] - The company views commodities like oil, gas, cotton, and timber as areas of interest for trading on blockchain due to increased efficiency [2] Group 3: Financial Services Innovation - The company aims to provide access to financial services without intermediaries like banks and plans to launch a dollar-pegged stablecoin, USD1, backed by U.S. Treasuries and cash equivalents [3]