Trump Crypto Firm Made $1.2B via Tokenized Resort Debt (assets as blockchain tokens)
According to a brief post, the firm generated $1.2 billion over 16 months by selling resort debt as tokens (assets on a blockchain), referencing journalist @andjelaradmilac and a linked report.
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Summary
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Terms & Concepts
Tokenization: The process of converting rights to a real-world asset into digital tokens (assets on a blockchain).
Asset-backed tokens: Digital tokens that represent claims on underlying assets such as debt, real estate, or invoices.
Real-world asset (RWA) tokens: Blockchain-based tokens that track off-chain assets like bonds, real estate, or receivables.