Riyadh: Saudi Arabia has completed what it described as a global first in capital market digitalisation by successfully executing the world’s first sovereign-native tokenised property title deed transfer.
The transaction marks the first time a G20 country has completed a real estate deed transaction in which national property law and registry requirements were enforced directly through a digital settlement system.
Carried out under the patronage of Minister of Municipalities and Housing Majed Al Hogail, the transfer involved the direct integration of the Kingdom’s Real Estate Registry (RER) with droppRWA’s blockchain-based transaction infrastructure. The system is designed to reduce settlement time for property transfers from days to seconds, enabling real estate assets to become more liquid and digitally programmable, in line with Saudi Vision 2030.
The deal was executed between the National Housing Company (NHC) and the Real Estate Development Fund (REDF). Using droppRWA’s sovereign-grade infrastructure, a digital token representing the property title deed was linked to the official RER registry, while a separate token was issued to represent transferable ownership.
Authorities stated that compliance and eligibility rules were embedded into the transfer mechanism itself, and settlement was completed through a secure delivery-versus-payment structure.
Minister Majed Al Hogail said the achievement reflects Saudi Arabia’s strategy to build a digital-first real estate sector through PropTech and artificial intelligence. He added that connecting transactions directly to official records from the start would strengthen foreign investor confidence, improve market liquidity, support faster development financing and drive innovation in real estate technology.
droppRWA CEO Faisal Al Monai said the infrastructure used in the transaction included the token standard, compliance logic, settlement rails and issuance framework, enabling enforceable ownership transfer directly at the source rather than through a digital overlay.
Officials said that while other markets such as Singapore, the UK and the EU have launched digital asset frameworks, Saudi Arabia is the first to implement a technically enforceable tokenised deed system directly within its national property market.
Following the successful transaction, the system is expected to be expanded across the Kingdom’s large-scale real estate pipeline, including designated investment zones, further supporting institutional access and foreign capital inflows.
