Saudi real estate tokenization starts a new era in property ownership. The Real Estate General Authority (REGA) rolls out this system through the Real Estate Registry (RER). It uses blockchain to make buying and selling property shares simple and fast.
How the Platform Works
REGA builds the platform with SettleMint’s blockchain tech. Inspire for Solutions Development adds the marketplace features. This hybrid model handles core registry tasks and smart contracts for safe deals. Owners now transfer titles digitally without long paperwork.
Main Tools in Place
The system manages titles on blockchain and runs automated property valuations. It links payments to escrow accounts for secure trades. People buy small shares in big properties, which opens doors for more investors and better cash flow in the market.
First Deals Done
REGA finishes the first tokenization of a property title deed. The National Housing Company sells shares to several buyers. This test shows how tokenization lets more people join in and fund housing projects more quickly.
Marketplace Coming Soon
A national marketplace for tokenized property shares opens next. Banks connect through open APIs to offer loans. Developers and PropTech companies create apps for pricing and trading, all under clear rules.
Ties to Vision 2030
Saudi real estate tokenization pulls in foreign money to the sector. It follows cybersecurity standards from the National Cybersecurity Authority. The system connects to national ID checks for trust. REGA plans to share tech details in early 2026 to spark more growth.
This move fits Saudi Vision 2030 goals to modernize the economy. Tokenization cuts costs and speeds up deals. Small investors enter with just 1 riyal, breaking old barriers. REGA ensures full compliance with local laws. The pilot’s success sets the stage for wider use across the kingdom.
Experts see big potential in liquidity and new funding sources. Foreign direct investment rises as global players join. Property markets gain transparency through blockchain records. REGA invites tech firms to build on this base.
The launch marks a key step in digital transformation. Saudi Arabia leads the region in real estate tech. Future updates will add more features for users. This infrastructure changes how Saudis and outsiders view property investment.
