The Kingdom of Saudi Arabia has successfully executed the world’s first sovereign-native tokenized real estate title transfer, achieving a global milestone in the digitization of capital markets.
This transaction marks the first time a G20 country has executed a real estate deeds transaction where national property laws and registration rules are directly enforced within the digital payments infrastructure.
The transfer was made under the auspices of Majid Al Hogeir, Minister of Regional Housing, and marks the direct integration of the Kingdom’s Real Estate Registry (RER) with droppRWA’s blockchain transaction layer.
This infrastructure reduces real estate settlement time from days to just seconds, turning a once illiquid physical space into a highly liquid, programmable asset. This increases the attractiveness of the Saudi real estate market for foreign direct investment and is in line with the Saudi Vision 2030 digital framework.
The transaction was executed between the National Housing Corporation (NHC), a government agency that develops affordable housing solutions, and the Real Estate Development Fund (REDF).
Built on the DroppRWA sovereign-grade market infrastructure, digital tokens (tokenized certificates) representing real estate title deeds were linked to the RER’s official registry, and separate tokens representing transferable ownership rights were issued.
Compliance rules were encoded into the ownership transfer logic, and payments were executed securely and simultaneously through a stable delivery-to-payment mechanism.
Al Khogeir praised this achievement and said, “Saudi Arabia is building a digitally designed real estate sector, integrating PropTech and AI from planning to implementation, 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-approved standard for tokenizing real estate ownership.”
“Linking transactions directly to official records from the outset will widen participation, strengthen FDI confidence, improve liquidity, accelerate development financing and enable new PropTech innovations,” he added.
Faisal Al Monai, CEO of droppRWA, said: “The end-to-end infrastructure used to execute this historic transaction, including token standards, payment rails, compliance logic, issuance framework, and stable delivery-to-payment mechanisms. The assets were delivered exclusively through droppRWA’s sovereign-grade infrastructure. Our goal is to help Saudi Arabia avoid the era of “digital wrappers” that other markets are currently stuck in by building enforcement into source assets. A new category of sovereign assets and industrial engines will give the world’s institutional capital access to Saudi Arabia’s multi-trillion dollar real estate pipeline with absolute legal certainty. ”
While jurisdictions such as Singapore, the UK and the EU have introduced digital asset frameworks, Saudi Arabia is the first in the world to introduce the technical code into its real estate market, Al Hogeir said.
Following this successful implementation, this infrastructure will be rolled out more widely across Saudi Arabia’s multi-trillion dollar real estate pipeline, including designated investment zones, he added. -TradeArabia News Service
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