From Registry to Digital Marketplace
Saudi Arabia’s Real Estate Registry (RER), under the supervision of the Real Estate General Authority (REGA), has unveiled a national‑scale blockchain infrastructure dedicated to real estate registration, fractionalization, and marketplace integration. Officials say the system will create a transparent, liquid, and globally investable real estate ecosystem.
Powered by Settlemint’s asset tokenization platform, the new infrastructure integrates blockchain‑based title management, automated valuation models (AVMs), and fractional ownership capabilities. According to a media statement, the system is built on a hybrid architecture combining RER’s registry services with blockchain orchestration and smart‑contract layers.
It supports end‑to‑end digital transactions — from listing and due diligence to ownership transfer and settlement. Inspire for Solutions Development is leading the marketplace development.
The roadmap details a phased approach to digitizing the real estate sector, beginning with the launch of a national tokenized marketplace designed for the buying, selling, and fractional investment of property. Phase Two of this initiative will focus on deploying an open application programming interface (API) framework. This framework is intended to empower PropTech companies, banks, and independent developers to build innovative, value-added services, such as tokenized lending and cross-border property transactions.
Adam Popat, CEO of Settlemint, emphasized the significance of the launch: “This is not a proof‑of‑concept — it is a national digital market infrastructure, which is in operation. Saudi Arabia is now at the forefront of a global movement redefining how nations manage, invest, and transact in real‑world assets. The Kingdom’s leadership has built not just technology, but trust — the essential foundation for any programmable economy.”
The system incorporates international interoperability standards, including W3C Verifiable Credentials and eIDAS 2.0, alongside Shariah‑compliant asset structures. REGA will oversee supervisory and data‑governance standards, ensuring blockchain transparency is balanced with sovereign regulation to reinforce investor confidence.
By linking property tokenization with capital‑market infrastructure, Saudi Arabia aims to attract foreign direct investment (FDI) and expand access to fractional real estate assets for global investors. The initiative also opens new channels for PropTech innovation, with startups and international providers gaining secure integration interfaces to build applications for valuation, lending, land management, and secondary‑market trading.
FAQ 💡
- What was launched in Saudi Arabia? The Real Estate Registry introduced a national blockchain system for property tokenization and digital ownership.
- Why is this significant globally? Saudi Arabia is the first country to deploy a national‑scale blockchain for real estate registration and investment.
- How will it impact investors worldwide? The system enables fractional ownership and opens Saudi real estate assets to foreign direct investment.
- What safeguards are in place? The platform follows global standards, Shariah compliance, and REGA oversight to ensure transparency and legal enforceability.
