According to BlockBeats, on August 11, Fox Business reporter Eleanor Terrett wrote on the X platform that if real estate investor and founder of the Witkoff Group Steve Witkoff participated in Trump Jr.’s crypto project, then this project is likely to be a tokenized real estate project.

According to public information, Steve Witkoff is an American real estate investment tycoon who successfully developed the 701TSQ building project in New York's Times Square. He and Donald Trump had business cooperation experience in their early years.