Saudi Arabia Rolls Out National Blockchain Registry for Real Estate

The new registry introduces blockchain-backed property transactions covering listing, due diligence, transfer, and settlement.

Fractional ownership and integration with financial systems expand access for domestic and international investors.

The platform uses global best practices and aligns with national cybersecurity and identity frameworks.

Saudi Arabia has unveiled a groundbreaking national tokenized real estate registry, setting the stage for a fully digital property market. This new platform, supported by blockchain technology, aims to streamline property transactions from listing to ownership transfer. It is expected to significantly enhance liquidity and attract foreign investment to the country’s real estate sector. The registry, overseen by the Real Estate General Authority (REGA), is designed to integrate real estate registration, fractional ownership, and marketplace activities into a unified digital ecosystem.

A New Era in Real Estate Transactions

The tokenized real estate registry application makes use of blockchain technology to guarantee the transparency and security of the whole property trading process. It will oversee all these processes from property listings and due diligence to ownership transfers and post-sale settlements. It will be a digital method that covers the whole transaction and is expected to usher in new investments in the Saudi real estate market while at the same time keeping the local regulations compliance.

The platform has been constructed using the leading technology by SettleMint, a top asset tokenization firm, and it has all the perks of such, including an automatic valuation model (AVMs), blockchain-based title management, and escrow-linked payment verification. The introduction of fractional ownership opens up the market to a more significant number of investors, thus leading to a rise in participation and liquidity.

Increasing Investment Opportunities

This initiative aligns with Saudi Arabia’s Vision 2030, which aims to diversify the nation’s economy and position it as a global hub for digital assets. The tokenized platform is expected to unlock new opportunities for both domestic and international investors, particularly through the ability to purchase fractional real estate assets

As a result, Saudi Arabia will be able to attract international capital, which will fuel further growth in the property market. Additionally, the platform will integrate with Saudi Arabia’s banking systems, allowing for the development of new digital services. These include tokenized lending and real estate investment products, as well as digital escrow services for cross-border property transactions.

Global Best Practices and Regulatory Compliance

The real estate tokenization infrastructure is based on global best practices from countries like Switzerland, Singapore, and the UK. The platform’s hybrid architecture combines traditional real estate registry services with advanced blockchain technology to create a secure, reliable system. The registry’s blockchain ledger will act as the definitive record of property rights, offering a secure, immutable record of transactions.

Next to that, Saudi Arabia has made sure the platform is in line with the country’s cybersecurity standards and connected to the national identification and payment systems. Such measures will not only allow very secure transactions but also be a way of maintaining the registry’s integrity

Saudi Arabia has thus positioned itself as the leader in the blockchain incorporation into real estate markets. The tokenized property registry has the potential to revolutionize the ways in which properties in the kingdom are transferred, sold, and financed, simultaneously increasing their accessibility and attracting more investors. This system will gradually be of immense help in the country’s economic diversification efforts, as it completely corresponds with the objectives of Vision 2030.