Saudi Arabia launches National Property Tokenization Infrastructure

The Saudi Real Estate Registry (RER), which is under the supervision of the Kingdom’s General real Estate authority (REGA), has launched a national property tokenization infrastructure that offers digital transfer of ownership built on a blockchain infrastructure that would include real estate registration, fractionation and market integration.

SettleMint,an enterprise asset tokenization platform,has already deployed the blockchain-based platform,which will act as the technological backbone for the next-generation real estate market.

the platform will integrate blockchain-based title management, automated valuation models (AVM), payment verification linked to escrow and fractional ownership capabilities, opening the real estate investment and financing market to more participants in a transparent and secure manner.

It will also bring liquidity to a more globally accessible real estate ecosystem, which is aligned wiht the goals of the Kingdom of Saudi Arabia’s Vision 2030.

The RER blockchain platform supports the entire spectrum of real estate ownership.

Built on a hybrid architecture that combines RER’s core registry services with blockchain orchestration and detra-smart layers designed by settlemint, the platform supports end-to-end digital transactions, from listing and due diligence to ownership transfer and post-trade settlement.

Inspire for Solutions Development is responsible for comprehensive market development.

Next phases include a national token marketplace that will enable the buying and selling of fractionalized tokenized real estate assets under supervised frameworks.

Going forward, banks and developers will be able to integrate with RER systems thru an open API framework that will allow them to create new digital services, such as tokenized loans and real estate investment products, to others that include digital escrows and cross-border real estate transactions.

Additionally, Saudi PropTech startups and international technology providers will have access to secure integration interfaces to develop applications for property valuation, tokenized loans, land management and secondary market trading.

SettleMint supports the Kingdom of Saudi Arabia’s launch of the world’s first national blockchain-based infrastructure for property tokenization and digital ownership.