A controversial 38-page proposal linked to the Trump administration outlines a sweeping plan for post-war Gaza reconstruction centered on blockchain technology and land tokenization. The document, titled the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust), proposes a U.S.-led trusteeship lasting at least a decade.
The core mechanism involves displacing Gaza's approximately two million residents and providing them with specialized digital tokens in exchange for their land rights. These tokens could be redeemed for apartments in newly built AI-powered "smart cities" within Gaza, exchanged for cash payments for relocation abroad, or traded as fractional ownership stakes on cryptocurrency exchanges. Each displaced resident would also receive a $5,000 package alongside four years of temporary housing and food support.
The proposal envisions building six to eight AI-powered mega-cities featuring ports, highways, railways, data centers, artificial islands modeled after Dubai, and "smart manufacturing zones." Blockchain would serve as the registry for land ownership, ensuring transparency and traceability. Supporters argue the model could attract global capital with projected asset values exceeding $100 billion, transforming Gaza into the "Riviera of the Middle East."
The plan has triggered fierce backlash from civil rights groups. The Council on American-Islamic Relations (CAIR) condemned it as a "war crime of historic proportions," accusing it of land expropriation under the guise of blockchain innovation. Critics view it as a violation of fundamental human rights and potential ethnic cleansing, while some optimists see it as a pathway to prosperity for Gazans.
The proposal reflects Donald Trump's growing ties to crypto, following his Trump Coin (TRUMP) memecoin launch, support for the GENIUS Act regulating stablecoins, and backing of World Liberty Finance's USD1 stablecoin on Solana.