Saudi Arabia has completed the Kingdom’s first-ever real estate tokenisation process, marking a major milestone in its push toward fully digital property markets.
Conducted under government regulatory oversight, the move positions the Kingdom among the world’s earliest adopters of regulated tokenized real estate.
The Real Estate General Authority (REGA) confirmed that the initiative is part of wider efforts to modernise property transactions, increase market liquidity and support the digital transformation of the Kingdom’s real estate ecosystem.
Saudi tokenised title deed
Under the patronage of Minister of Municipalities and Housing and Chairman of the Real Estate General Authority’s (REGA) Board of Directors Majed Al-Hogail, the authority announced the successful completion of the first “Real Estate Tokenisation” process for a title deed in the Kingdom.
The tokenised asset was traded between NHC and several investors, marking the first innovation of its kind to be executed under government regulatory oversight as part of REGA’s programme to advance digital real estate solutions.
REGA said tokenisation addresses one of the sector’s most persistent challenges: the high value of assets and the difficulty of dividing them.
By converting large properties into small, tradable digital units, tokenisation enables investors to purchase shares of a single asset, broadening participation, increasing liquidity and accelerating financing for real estate projects.
Tokenised property standards
The authority highlighted that the Kingdom is among the first countries globally to regulate property tokenisation and has established the world’s first official tokenisation standards for converting property ownership into encrypted, machine-readable digital tokens linked to official real estate records.
These standards strengthen transaction reliability and protect the rights of all parties involved.
The National Real Estate Registration Services Company (Real Estate Registry – RER) has strengthened its technical readiness by adopting leading global practices, integrating advanced technologies and forming international partnerships to prepare the Kingdom’s real estate registry for digital transformation.
These steps will ensure reliable data for real estate platforms and support growth in the digital assets market.
Real estate regulation
The authority added that property tokenisation is driving a significant shift in real estate regulation, creating a more transparent and efficient market by converting assets into digital formats that can be processed instantly and linked to integrated government systems.
This improves governance and enhances compliance.
As part of its efforts to advance digital infrastructure, REGA confirmed it will publish the technical specifications for tokenisation standards at the beginning of 2026.
This will allow PropTech companies and digital solutions providers—operating through the Regulatory Sandbox, an initiative of the Saudi PropTech Hub (SPH)—to develop innovative, standards-compliant products.
These efforts will support data integration and help prepare the market for a broader transition toward digital assets.
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