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Saudi Arabia’s Real Estate General Authority (REGA) said it has completed the Kingdom’s first tokenization of a real-estate title deed and begun moving the model into regular operations. The deed—reportedly traded between the National Housing Company and multiple investors—marks a shift from pilots to supervised market use, aimed at broader access and faster settlement across the property sector.
In an official note, the authority announce completion of the tokenization process and described how large properties can be split into tradable digital units while preserving rights through links to the national registry. The approach targets liquidity and governance gains by keeping records synchronized with government systems.
Local coverage further report milestone, noting ministerial backing and positioning the move within a broader digital shift in Saudi real estate. Officials have framed tokenization as a way to widen the investor base and speed financing for development, while setting the first official standards for linking tokens to land records.
The rollout dovetails with a national drive to build a digital property infrastructure tied to official records. At Cityscape, Housing Minister Majid Al-Hogail said Saudi Arabia had completed its first tokenized deed and was launching the first global standards for tokenized ownership, making the Kingdom one of the first to build real-estate infrastructure linked to registries; Arab News report details.
Taken together, REGA’s first deed tokenization and RER’s backbone suggest Saudi Arabia will run property trades on rails that blend registry certainty with programmable ownership. If standards and APIs scale as planned, developers could issue compliant fractions of projects, and investors could trade units with clearer audit trails—bringing real estate closer to on-chain finance under public supervision.
