The Kingdom of Saudi Arabia has achieved a global first, successfully executing the world’s premier sovereign-native tokenised property title deed transfer. The landmark transaction marks a significant leap in capital market digitisation and positions the Kingdom as a leader in blockchain adoption for real-world assets.
The transaction, conducted under the patronage of Majed Al Hogail, Minister of Municipalities and Housing, represents the direct integration of the Kingdom’s Real Estate Registry (RER) with droppRWA’s blockchain infrastructure. This move is the first by a G20 economy to enforce national property law and registry rules directly within a digital settlement framework.
A Landmark Digital Transaction
The historic transfer was executed between the National Housing Company (NHC), the government’s developer of affordable housing, and the Real Estate Development Fund (REDF).
Using droppRWA’s sovereign-grade infrastructure, a digital token representing the property title deed was created and inextricably linked to the RER’s official records. Simultaneously, a separate token representing the transferable ownership interest was issued. The entire process, with compliance rules encoded into the transfer logic, was settled securely through stable delivery-versus-payment mechanisms.
From Days to Seconds
This innovative infrastructure fundamentally transforms property transactions, reducing settlement times from several days to mere seconds. By converting once-illiquid physical real estate into highly liquid and programmable digital assets, the initiative significantly enhances the attractiveness of the Saudi real estate market for foreign direct investment.
The development is a key milestone in the digital transformation framework outlined by Saudi Vision 2030, aiming to create a more efficient, transparent, and accessible market.
A New Era for PropTech and FDI
“Saudi Arabia is building a real estate sector that is digital by design, integrating PropTech and AI across planning and delivery in line with Vision 2030,” stated Majed Al Hogail. “We have successfully executed the Kingdom’s first end-to-end blockchain verified real estate transaction, using the first government authored standards for tokenizing real estate ownership.”
He added, “By linking transactions directly to official records from the outset, this will expand participation, strengthen FDI confidence, improve liquidity, accelerate development financing and enable new PropTech innovation.”
Building Sovereign-Grade Infrastructure
While other jurisdictions like Singapore and the UK have introduced digital asset frameworks, Saudi Arabia is the first to implement the technical code directly for its property market.
Faisal Al Monai, CEO of droppRWA, commented on the technological leap, “Our goal is to help Saudi skip the ‘digital wrapper’ era other markets are currently stuck in by entirely by embedding enforceability into the asset at the source, creating a new category of sovereign-grade assets.”
Al Monai explained that this creates “the industrial engine that will allow the Kingdom’s multi-trillion-dollar real estate pipeline to be accessed by global institutional capital with absolute legal certainty.” Following this success, the infrastructure is set for a broader rollout across the Kingdom.
About droppRWA
droppRWA provides sovereign-grade market infrastructure for the tokenisation of real-world assets. The company offers an end-to-end solution that includes token standards, settlement rails, compliance logic, and issuance frameworks designed to embed legal enforceability directly into digital assets at their source.
Source: Zawya
