What happened?
Zach Witkoff said he wants to tokenize the Trump family’s real estate, starting with landmark properties like Trump Tower Dubai. He floated the idea at Token2049, suggesting everyday investors could buy tokens that represent shares of luxury buildings. World Liberty Financial and ALT5 Sigma are linked to the plan but haven’t officially confirmed who will run the tokenization.
Who does this affect?
Retail and accredited investors could gain access to Class A real estate that was previously out of reach. The Trump family and affiliated firms like World Liberty and ALT5 Sigma stand to expand their investor base and liquidity options. Institutional players, crypto platforms, and regulators will also be impacted as they consider custody, compliance, and infrastructure needs.
Why does this matter?
Tokenizing premium real estate could unlock massive pools of capital and help grow the tokenized real-world asset market, with forecasts pointing to trillions in potential value. That would boost liquidity, lower investment minimums, and create new secondary markets and yield products while increasing demand for token platforms and stablecoins. At the same time, regulatory scrutiny and execution risk mean the real market impact will hinge on legal clarity and broad institutional adoption.