Saudi Arabian Hissatech Founder talks about their property tokenization efforts
In an interview on Al-Ikhbariya TV, Economy, the Founder of Hissatech real estate Proptech, and one of the recent participants in Saudi Arabia’s REGA proptech sandbox, explained the important of tokenized real estate assets and that trading of these tokenized real estate assets will be available in 2026 according to REGA ( Real Estate General Authority) in KSA.
Mr. Hamoud Al-Ghusn, Founder and Chairman of the Board of Directors of the Hissatech platform reviewed the features of the next phase of tokenized real estate sukuk in the Kingdom.
He noted that tokenized real estate assets is allowing more investors to participate in the real estate sector while increasing liquidity in this market from both local investors as well as international ones.
He explained that through the REGA sandbox, nine participating proptechs including HissaTech passed phase one and are now in phase two offering fractionalized ownership of real estate assets including tokenized title deeds from REGA.
When asked about what differentiates investing in real estate funds from investing directly in tokenized assets, Al-Ghusn explained that with investing in tokenized assets, investors actually own part of the property and can receive rent payments, as well as be part of the appreciation of the property itself. Moreover they can invest with very small amounts unlike traditional real estate funds.
He noted that having the property on the blockchain, allows ownership tracking throughout its lifecycle. Tokenized real estate assets on the blockchain also offer transparency and security. He added, “We are contributing to the development of a new ownership structure for the Saudi real estate market.”
Investors can invest anywhere between 500 Saudi Riyals, up to 2,000, 5,000 and even 10,000 in tokenized real estate assets.
The interview comes as SettleMint, the global digital asset lifecycle and tokenization firm has announced its continued support of Saudi Arabia’s property tokenization and real estate transformation journey working with key stakeholders including four participating PropTechs, Sahl, Madek, Ghanem and Jozo who have integrated their solutions with Yakeen and Sadad in KSA.
According to SettleMint Significant progress has been made since Saudi Arabia’s Real Estate General Authority (REGA) during CityScape in November 2025, announced the deployment of the world’s first national real estate blockchain tokenization infrastructure for property registries. Saudi Arabia became the first country globally to deploy a national-scale blockchain infrastructure that would employ real estate registration, fractionalization, and marketplace integration, designed by SettleMint, a Digital Asset Lifecycle Platform (DALP) provider, which offers secure, expedited, and practical solutions that move real-world-value on-chain in a compliant manner.
At the end of January 2026, during the Real Estate Future Forum, the four selected Proptechs, Sahl, Madek, Ghanem and Jozo conducted live tokenization transactions in a controlled environment. Working with SettleMint, real estate tokenization and lifecycle transactions were deployed on the RER (Real Estate Registry) Blockchain infrastructure. These solutions were integrated with services in the country such as Yakeen, a premier digital identity verification service that allows organizations to instantly verify the personal data of citizens, residents, and visitors via official ID, Iqama, or Visa numbers, as well as Sadad, the national electronic bill presentment and payment (EBPP) system.
REGA has now launched its second cohort. Proptechs will be working under several tracks including fractional ownership. REGA is inviting startups and entrepreneurs to apply for the latest editions with submissions open until April 30th.
All Proptechs move through four key stages, application phase, readiness assessment, testing period that will range from 6-24 months based on clearly defined performance indicators and final exit phase
Adam Popat, CEO of SettleMint noted, “The implementation has progressed significantly where today PropTechs are utilizing secure integration interfaces to complete the first fully tokenized real estate transactions in the Kingdom. We are proud that SettleMint’s infrastructure is making this possible. The initiative is moving ahead quickly under the guidance of Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al Hogail, and the leadership of REGA and RER.”
