Saudi Arabia’s vision for a technologically advanced real estate market has taken a significant leap forward, as four local Proptech startups successfully conducted the first live tokenized property transactions on the Kingdom’s national blockchain infrastructure. This milestone, achieved in a controlled environment, validates the ambitious project launched by the Real Estate General Authority (REGA) and supported by the technology of global digital asset leader SettleMint.
Pioneering a National Blockchain Infrastructure
The foundation for this achievement was laid in November 2025 when REGA announced the deployment of the world’s first national real estate blockchain platform for property registries. Designed by SettleMint, the infrastructure aims to revolutionize the property market by enabling secure registration, fractionalization, and marketplace integration.
The system serves as the technological backbone for a next-generation property marketplace, integrating blockchain-based title management and fractional ownership capabilities to unlock new forms of property investment and financing.
Proptechs Execute First Live Transactions
At the Real Estate Future Forum in January 2026, selected Proptechs—Sahl, Madek, Ghanem, and Jozo—demonstrated the platform’s capabilities by executing live transactions. Deployed on the Real Estate Registry (RER) Blockchain, the solutions were successfully integrated with crucial national services, including Yakeen for digital identity verification and Sadad for electronic payments. This integration ensures a secure and seamless transaction lifecycle within the Kingdom’s existing digital framework.
Adam Popat, CEO of SettleMint, commented on the progress, stating, “The implementation has progressed significantly where today PropTechs are utilizing secure integration interfaces to complete the first fully tokenised real estate transactions in the Kingdom. We are proud that SettleMint’s infrastructure is making this possible. The initiative is moving ahead quickly under the guidance of Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al Hogail, and the leadership of REGA and RER.”
Fostering a New Wave of Innovation
Building on this success, REGA has launched a second edition of its program, inviting more startups and entrepreneurs to innovate within the new ecosystem. Participants will work on several tracks, including the development of fractional ownership models. The program involves a four-stage process, including application, readiness assessment, a 6-24 month testing period, and a final exit phase, creating a structured pathway for new Proptech solutions to emerge and scale. Submissions for the latest edition are open until April 30th.
About SettleMint
SettleMint is a production-grade digital asset lifecycle management company for regulated financial markets and sovereign use cases. It bridges the gap between tokenization ambitions and production‑grade execution by enabling financial institutions, market infrastructure providers, and sovereign entities to move real‑world value on‑chain with a compliant, safe, secure, production‑grade digital asset lifecycle platform. The company supports the full digital asset lifecycle -including issuance, compliance controls, custody integration, distribution, and secondary market enablement – allowing institutions to retain governance, regulatory compliance, and operational control while expanding across asset classes and jurisdictions.
Source: Zawya
