Saudi Real Estate Goes Blockchain: droppRWA Partners with RAFAL for Tokenization Push

Forget paper deeds—property ownership in the Kingdom is getting a Web3 upgrade. droppRWA just locked arms with RAFAL to digitize Saudi real estate assets, turning concrete into tokens.

Why it matters: The oil-rich nation’s playing catch-up in the RWA tokenization race—but with $1.8T in untapped property value, this could be the sandbox that spawns crypto’s next killer app.

Bonus jab: Watch traditional banks suddenly ’discover’ blockchain now that there’s actual collateral to repo.

droppRWA is on Saudi Arabia’s Vision 2030 timeline

As per the announcement, the democratized access model aligns directly with Vision 2030’s objectives of financial inclusion, digital transformation, and citizen empowerment. The initiative is also designed to attract institutional-grade foreign capital through compliant digital frameworks, unlocking trillions in local and foreign direct investment (FDI) capital via a fully regulated, blockchain-based investment channel.

droppRWA, in collaboration with leading consultancies, will conduct a comprehensive feasibility study for property tokenization across RAFAL’s portfolio. Additionally, a fully regulated proof-of-concept will be created and executed, with RAFAL providing live real estate assets for controlled transaction testing.

Faisal Al Monai, co-founder of droppRWA, stated, “This transaction marks a paradigm shift. Around the world, we are witnessing the greatest digital transformation of the 21st century – the transformation of capital itself. The mission of this partnership positions Saudi Arabia at the forefront of programmable economies, with real-world impact for every citizen – starting at just 1 Riyal.”

Elias Abousamra, CEO of RAFAL Real Estate, remarked, “At RAFAL, we have always believed that real estate should be both aspirational and accessible. This partnership with droppRWA is not just about technology, it’s about democratizing real estate investment and creating a global platform for foreign direct investment into the promising Saudi market. For the first time, a young Saudi can own a piece of a premium development with just a few Riyals.”

RAFAL initiative to start as tokenization pilot for real estate markets

The pilot aims to establish a sovereign-grade blockchain system powered by advanced AI for real estate markets. It will also introduce compliant, blockchain-based investment instruments to promote capital market sophistication.

Saudi citizens, as well as foreign investors, will be able to co-own real estate through accessible digital investment channels

The founder of droppGroup, also the founder of droppRWA Faisal Al Monai visited Aramco along with Tether. He stated on LinkedIn, “A great feeling representing droppGroup and Tether.io meeting with aramco – The digital economy is the future and the future is here. Real World Asset tokenization transforms today’s capital into tomorrow’s value and profit.”

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