Saudi Arabia has completed its first tokenization of a real estate title deed, which was subsequently traded between the National Housing Company and multiple investors under the regulatory supervision of the Real Estate General Authority (REGA).
The inaugural transaction demonstrates how tokenization can convert property ownership into tradable digital units, allowing multiple investors to hold shares in a single asset. The approach aims to expand the investor base and increase market liquidity while accelerating financing for real estate projects – part of Saudi Arabia’s broader initiative to encourage foreign direct investment in real estate.
The transactions run on blockchain infrastructure developed by the national Real Estate Registry (RER), which operates under REGA supervision. The registry worked with blockchain firm SettleMint to deploy the asset tokenization platform that adds a layer of smart contracts and blockchain orchestration on top of the core registry. Inspire for Solutions Development is the IT partner for the project.
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