A private island in the Maldives is making headlines for how buyers can pay for it. Corn, a private members club for digital asset holders, has secured exclusive rights to offer a private island at Baccarat Hotel & Residences Maldives, with purchases made entirely in stablecoins. The island is valued at $72 million and includes four fully furnished villas at $18 million each. Buyers can purchase an individual residence or acquire the entire island, marking a milestone for cryptocurrency in the eight-figure estate market.
Located just off the southern edge of Baccarat Maldives' main island in the South Malé Atoll, the property has its own reef, beach frontage and gated access through a private causeway. Each four-bedroom villa features huge living areas, a private gym, twin yoga pavilions, a swimming pool, and wraparound terraces overlooking the Indian Ocean. A dedicated security team and round-the-clock staffing are also included.
The payment process is what makes this opportunity so newsworthy. Transactions will be settled in USDC on Base through Corn's stablecoin, allowing buyers to use their existing digital assets instead of first converting them into currency. Interested buyers can register through Corn, which will manage membership, availability, and the purchase process. It's like a private club for digital asset holders, offering concierge services alongside access to travel, dining, and other ownership opportunities.
The residences are part of Baccarat Hotel & Residences Maldives, a five-island development in the South Malé Atoll, approximately 40 minutes by yacht from Velana International Airport. The property includes a private marina, golf course, restaurants, wellness facilities, and other residences. HKS designed the architecture, while 1508 London handled the interiors and L'Observatoire International the lighting. Accepting USDC for a $72 million property puts a real-world luxury asset behind the growing use of cryptocurrency, transitioning from small buys into major property acquisitions.
Photo Credit: Baccarat Maldives Residences