Saudi Arabia has completed its first real estate tokenization for a title deed in the Kingdom, as it seeks to digitize and diversify its oil-dependent economy, increase liquidity in its property sector and attract foreign investment.
Saudi Arabia Looks to Property Tokenization in Bid for New Growth
24 November 2025 - 18:34 CET
By Giles Broom
The Real Estate General Authority (REGA) announced that the tokenized asset was traded between the Saudi National Housing Company and “several investors” in the launch of the process, according to a press release.
Vision 2030
As one of the strategies in the Kingdom’s Vision 2030 to modernize its economy, the tokenization will convert large properties into small, tradable digital units that give access to a larger pool of investors to own a single asset.
Saudi Arabia’s version of tokenization uses a nationwide blockchain infrastructure with the national Real Estate Registry (RER) as the official record of property rights.
Asset tokenization company SettleMint designed the smart contract layers, and the platform supports end-to-end digital transactions, from listing and due diligence to ownership transfer and post-trade settlement.
Inspire for Solutions Development is delivering the overall marketplace development.
International best practice
The Kingdom’s property tokenization draws on best practices from global markets like Singapore, Switzerland, and the UK. The system is based on a "registry-as-truth" model where the RER ledger is the definitive record of ownership.
REGA added that it would publish the technical specifications for the tokenization standards at the beginning of 2026.
The Kingdom’s foray into digitizing property was in the spotlight last week when the Trump Organization and its Saudi partner Dar Global Plc jointly announced plans for a $300mn luxury resort project in the Maldives set to open by the end of 2028 that will be tokenized.
Trump Maldives hotel
The companies said that the Trump International Hotel Maldives, the brand’s first property in the Maldives, would be the world’s first tokenized development of a luxury hospitality project, which allows investors to participate in the project “from inception” and not only when it is completed.
Deloitte has predicted that US$4tn of real estate will be tokenized by 2035, increasing from less than US$300bn in 2024, with a CAGR of 27%.
Investors indicate they may allocate 7% to 9% of their entire portfolios to tokenized assets by 2027, according to a report by EY earlier this year.
“Notably, 56% of institutional investors and 49% of high-net-worth investors ranked real estate as their top or second most preferred tokenized alternative, closely following private equity investments,” the report says.
