Saudi Arabia Becomes the First to Launch National Real Estate Tokenization Infrastructure
By linking property tokenization with capital-market infrastructure, the initiative aims to pave the way for economic diversification and international capital attraction.
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[Image source: Chetan Jha/MITSMR Middle East]
Saudi Arabia’s Real Estate Registry (RER), under the supervision of the Real Estate General Authority (REGA), has launched the country’s national infrastructure for property tokenization and digital ownership transfer.
A key milestone, the move aligns with Saudi Arabia’s modernization of its real estate sector and Vision 2030, establishing Saudi Arabia as the first country globally to deploy a national-scale blockchain infrastructure dedicated to real estate registration, fractionalization, and marketplace integration.
SettleMint, an enterprise asset tokenization platform, has already deployed its blockchain-enabled platform, bringing the vision to reality.
“This is not a proof-of-concept—it is a national digital market infrastructure, which is in operation. Saudi Arabia is now at the forefront of a global movement redefining how nations manage, invest, and transact in real-world assets. The Kingdom’s leadership has built not just technology, but trust—the essential foundation for any programmable economy,” said Adam Popat, CEO, SettleMint.
Built on a hybrid architecture that merges RER’s registry services with blockchain and smart contract layers from SettleMint, the platform enables fully digital real estate transactions, developed by Inspire for Solutions Development.
Upcoming phases include a national tokenized marketplace that will enable the buying and selling of fractional tokenized property assets under supervised frameworks.
The three-phase roadmap aims to make Saudi Arabia a global model for integrating digital registries, capital markets, and tokenization frameworks to boost FDI and drive world-class PropTech innovation across the economy.
The initiative is a collaborative result of RER and REGA–guided by the Benchmarks to Blueprint: Comparative Framework for Property Transaction Modernization and Immutable Registry report, which aims to synthesize global best practices from markets such as Switzerland, Singapore, Germany, Japan, and the United Kingdom and adapt them to the domestic context.
In order to ensure that digital ownership tokens are legally enforceable and internationally credible, the system adopts global interoperability standards such as W3C Verifiable Credentials, eIDAS 2.0, and Shariah-compliant asset structures leveraging the existing fractional ownership model in Saudi Arabia.
By linking property tokenization with capital-market infrastructure, the initiative aims to pave the way for economic diversification and international capital attraction.
