Saudi Arabia has successfully completed its first end-to-end tokenised property deed transaction, a move described as a global first for a G20 nation in integrating national property law directly into digital settlement infrastructure.
The transaction was executed on droppRWA, a “sovereign-grade” infrastructure provider. The milestone represents a shift toward a “Registry-as-Truth” model, where the national registry and property laws are enforced directly within the settlement layer, rather than being reconciled post-facto.
From days to seconds
The initiative is designed to drastically reduce friction in the real estate market. According to the announcement, the integration has reduced settlement times from days to mere seconds.
Beyond speed, the infrastructure aims to transform Saudi real estate into a liquid, programmable asset class accessible to global capital. Crucially, this is achieved while keeping the control of the national registry “firmly in sovereign hands,” ensuring that digital agility does not compromise regulatory oversight.
Faisal Al Monai, CEO of droppRWA, architected the shift which allows legal ownership and digital settlement to occur simultaneously.
The development marks a significant step in the digitization of real assets, moving beyond experimental pilots to live transactions that respect and enforce the legal nuances of sovereign property rights.