Eric Trump Confirms Plans to Tokenize Real Estate with WLFI

According to a CoinDesk report on October 16, Eric Trump, son of US President Donald Trump and co-founder of the decentralized finance protocol WLFI, revealed that he is actively promoting a real estate tokenization project related to a building currently under development.

Eric Trump stated that the project is expected to open up "fractional ownership" investment opportunities to the public, potentially through a cryptocurrency channel built by World Liberty Financial (WLFI).

Previously, Zach Witkoff, another co-founder of WLFI, had proposed a plan to tokenize the Trump family's real estate portfolio and put it on a blockchain.

Eric Trump noted that the tokenization model would create investment opportunities for his family's supporters around the world. He envisions offering fractional shares in "high-profile properties" directly to retail investors in the future, rather than relying on traditional lenders for financing.

He further described an investment model in which investors could potentially invest as little as $1,000 to obtain partial ownership of a building, along with additional benefits such as discounted hotel stays or exclusive access. Although the specific operational details have not yet been clarified, he revealed that the plan will be closely integrated with World Liberty Financial and its issued US dollar stablecoin USD1.