- droppRWA and RAFAL Real Estate Co. have partnered to launch the nation’s inaugural tokenized real estate deal.
- The initiative enables Saudi citizens to invest in real estate with fractional ownership starting from just 1 Riyal.
- The project supports Saudi Arabia’s Vision 2030 goals of digital transformation and financial inclusion.
droppRWA, a subsidiary of droppGroup specializing in Web3 infrastructure, has partnered with RAFAL Real Estate Co. to execute Saudi Arabia’s first tokenized real estate transaction.
The initiative marks a transformative milestone in Saudi Arabia’s property market, aiming to tokenize high value real estate assets and make them accessible to both local and international investors.
The program also seeks to democratize property investment by allowing Saudi citizens to purchase fractional ownership stakes starting from just 1 Riyal.
The tokenization effort will begin with a regulated pilot program, using live assets from RAFAL’s portfolio.
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droppRWA, supported by professional services providers, will conduct a full feasibility study and implement a proof of concept framework to test blockchain-enabled real estate transactions.
Faisal Al Monai, Co-Founder of droppRWA said “This transaction marks a paradigm shift,”.
“It positions Saudi Arabia at the forefront of programmable economies, allowing both everyday citizens and institutional investors to participate in the future of digital ownership.”
The project creates new channels for foreign direct investment (FDI) and introduces a scalable model for tokenizing real-world assets in one of the Gulf’s most dynamic economies.
With Saudi Arabia continuing to prioritize digital transformation and financial inclusion under Vision 2030, the droppRWA–RAFAL collaboration could serve as a blueprint for future tokenized infrastructure projects across the region.
