Saudi Arabia has executed the world’s first sovereign-native tokenised property title deed transfer, marking a major leap in the digitisation of capital markets and real estate ownership.
Conducted under the patronage of Majed Al Hogail, Minister of Municipalities and Housing, the transaction directly integrated the Kingdom’s Real Estate Registry (RER) with droppRWA’s blockchain settlement infrastructure. For the first time in a G20 nation, national property law and registry rules were enforced natively within a digital transaction layer.
The deal was executed between the National Housing Company (NHC) and the Real Estate Development Fund (REDF). A digital token representing the official title deed was linked to the RER, alongside a second token representing a transferable ownership interest. Compliance rules were embedded into the transfer logic, and settlement occurred through a secure, stable delivery-versus-payment mechanism in seconds rather than days.
The infrastructure, built on droppRWA’s sovereign-grade framework, effectively transforms physical property into programmable, liquid assets while maintaining legal enforceability at the source. Officials say this significantly enhances Saudi Arabia’s appeal for foreign direct investment and aligns with the digital ambitions of Vision 2030.
Al Hogail described the milestone as a step toward a real estate sector that is “digital by design,” integrating PropTech and AI into planning, financing, and ownership structures. droppRWA CEO Faisal Al Monai noted that the system allows the Kingdom to bypass the “digital wrapper” stage seen in other markets by embedding enforceability directly into the asset itself.
While markets such as Singapore, the UK, and the EU have introduced digital asset frameworks, Saudi Arabia is the first to implement technical code tied directly to its national property registry for real-world ownership transfer.
Following this successful execution, the infrastructure is set to expand across the Kingdom’s multi-trillion-dollar real estate pipeline, including designated investment zones.
