Saudi Arabia has executed the world’s first sovereign-native tokenised property title deed, marking a major milestone in real estate and capital markets digitisation. The transaction, carried out under the patronage of Majed bin Abdullah Al-Hogail, directly integrated the Kingdom’s Real Estate Registry with blockchain-based settlement infrastructure, reducing property transfer times from days to seconds.
The pilot transaction was executed between the National Housing Company and the Real Estate Development Fund, using sovereign-grade technology provided by droppRWA. Compliance and settlement logic were embedded directly into the transaction, ensuring secure, delivery-versus-payment execution.
Officials said the initiative aligns closely with Saudi Vision 2030 and is expected to enhance liquidity, support foreign investment, and accelerate innovation across the Kingdom’s real estate sector as the infrastructure is scaled nationwide.
Gulf Economist Staff Writer