Saudi Arabia integrated its Real Estate Registry with droppRWA’s settlement layer under national rules.
The Kingdom of Saudi Arabia has executed the world’s first sovereign-native tokenised property title deed transfer, marking the first time a G20 economy has enforced national property law and registry rules directly within digital settlement infrastructure.
The transfer was conducted under the patronage of His Excellency Majed Al-Hogail, Minister of Municipalities and Housing, and integrated the Kingdom’s Real Estate Registry (RER) with droppRWA’s blockchain transaction layer. The release said the infrastructure reduces settlement times from days to seconds and aligns with the digital frameworks of Saudi Vision 2030.
The transaction was executed between the National Housing Company (NHC) and the Real Estate Development Fund (REDF), where a digital token representing the title deed was linked to the RER’s official registry, alongside a separate token representing a transferable ownership interest. Compliance rules were encoded into the transfer logic, and settlement was executed through delivery-versus-payment mechanisms.
Majed bin Abdullah Al-Hogail, Minister of Municipal Rural Affairs and Housing, said: “We have successfully executed the Kingdom’s first end-to-end blockchain verified real estate transaction, using the first government-authored standards for tokenising real estate ownership.”
Faisal Al-Monai, CEO of droppRWA, said: “Our goal is to help Saudi skip the ‘digital wrapper’ era other markets are currently stuck in by entirely embedding enforceability into the asset at the source.”
The release said the infrastructure is slated for wider rollout across the Kingdom’s multi-trillion-dollar real estate pipeline, including designated investment zones.
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