Saudi Arabia announced it has completed what it described as the first sovereign native, end-to-end tokenized property title deed transfer, integrating its official real estate registry directly with a blockchain-based settlement layer to enforce national property law and registry rules inside the transaction infrastructure.
The transaction, conducted under the patronage of Majed Al-Hogail, linked the Kingdom’s Real Estate Registry to droppRWA’s transaction layer, aiming to compress property settlement from days to seconds and enable programmable ownership and delivery-versus-payment settlement for real estate transfers.
According to the announcement, the transfer occurred between National Housing Company (NHC) and the Real Estate Development Fund (REDF). A digital token representing the property title deed was linked to the official registry, while a separate token representing a transferable ownership interest was issued to support the transaction. Compliance requirements were embedded in the ownership transfer logic, and settlement was executed simultaneously via a stable delivery-versus-payment mechanism.
The project is positioned as part of a broader push to digitize the Kingdom’s real estate market and expand its appeal to foreign capital, with the parties arguing that registry-linked tokenization can improve liquidity, reduce operational friction, and create new pathways for development financing and PropTech innovation. The release also said the infrastructure is slated for wider rollout across Saudi Arabia’s real estate pipeline, including designated investment zones.
The announcement contrasted Saudi Arabia’s implementation with other jurisdictions that have introduced digital asset frameworks, citing Singapore, the United Kingdom, and the European Union, and argued that the Kingdom is moving beyond policy frameworks to embed registry enforceability directly in technical code for its property market.
KEY QUOTES
“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. 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. 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.”
Majed bin Abdullah Al-Hogail, Minister of Municipal Rural Affairs and Housing
“The end-to-end infrastructure used to execute this historic transaction, including the token standard, settlement rails, compliance logic, issuance framework and the stable delivery-versus-payment mechanism, was provided exclusively through droppRWA’s sovereign-grade infrastructure, 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 and 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.”
Faisal Al-Monai, CEO of droppRWA
