Is Donald Trump Jr.’s ‘huge’ announcement a RWA project?

Former US President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, have talked about a “very big” announcement coming up, and one analyst says it could happen in the real-world asset market.

Both Trump Jr. and Eric hinted at a new development for the decentralized finance space, and the posts come just days after Trump reinforced his crypto-friendly stance by joining Bitcoin (BTC) 2024.
Trump also promised that he would never sell the US government’s Bitcoin, but instead support efforts to create a US Bitcoin reserve.

The Republican presidential candidate also introduced limited-edition Bitcoin sneakers.

What did Trump’s sons say?

Donald Trump Jr. said in a post on X that crypto should be ready for an announcement that will “shake up” the ecosystem. Meanwhile, Eric noted that he is “really in love with crypto/DeFi” and that a big development is coming around it.

Remember when the Donald Trump token was released with the symbol DJT? It had no connection to Trump, but it was a disaster. That’s probably why some commenters on X responded to Trump Jr.’s post by pointing out that the big move or bombshell shouldn’t be another meme token.

Others have urged caution, noting that it may be unwise to “cook” crypto projects before helping Trump restructure the U.S. Securities and Exchange Commission.

You should avoid making any cryptocurrency plans until you are sure your dad will crush the SEC.

— Jameson Lopp (@lopp) August 6, 2024

A real world assets project?

The crypto community continues to speculate, and one of the rabbit holes comes from Steven ‘aka Dogetoshi.’ According to the researcher and Dogecoin investor, connecting the dots suggests that Trump’s big DeFi announcement could be related to a real-world asset project.

A real estate mogul and trademarks

Steven claims that real estate mogul and Trump ally Steve Witkoff shared a message with the same hashtag as Donald Trump Jr. Here is Witkoff’s post about X.

We’re on the cusp of a game-changer for crypto and DeFi. We’re bringing financial power and freedom back to people – get ready. #BeTheSquare

— Steve Witkoff (@SteveWitkoff) August 6, 2024

Alongside Eric and Trump Jr., Witkoff also follows crypto phenomenon Chase Hero, a tech founder who connects the real world to the digital world, according to his X-profile.

“My theory is that this guy Chase is starting some kind of RWA tokenized project that will allow people to buy tokenized shares of Trump’s buildings,” Steven said.

Moreover, Hero is also affiliated with Subify, a rival to OnlyFans, which also has connections to AMG Software Solutions.

According to The Block, Subify and AMG share the same home address, and AMG is the company that recently filed trademark applications for hashtags used in Trump Jr. and Witkoff’s posts on X.

The trademark applications are for the words “World Liberty,” “Be DeFiant” and “World Liberty Financial.”