Saudi government RER registry deploys tokenized real estate registry

The Saudi Arabian Real Estate Registry (RER), which is under the supervision of KSA’s Real Estate General Authority (REGA), has launched a nationwide property tokenization infrastructure that offers digital ownership transfer built on a blockchain infrastructure that would include real estate registration, fractionalization and marketplace integration.

SettleMint, an enterprise asset tokenization platform, has already deployed the blockchain enabled platform which will act as a technological backbone for next-generation property marketplace.

The platform will integrate blockchain based title management, automated valuation models (AVMs), escrow linked payment verification, and fractional ownership capabilities which will open up the property investment and financing market to more players in a transparent, and secure way.

It will also add liquidity to a more global investable real-estate ecosystem which is aligned with KSA’s Vision 2030 goals.

Built on a hybrid architecture combining RER’s core registry services with blockchain orchestration and smart-contract 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 are delivering the overall marketplace development.

Upcoming phases include a National tokenized marketplace that will enable the buying and selling of fractional tokenized property assets under supervised frameworks.

Later on banks, and developers will be able to integrate with RER systems through an open API Framework that will allow them to build new digital services such as tokenized lending and real estate investment products to others that include digital escrow and cross-border property transactions.

Additionally, Saudi PropTech startups and international technology providers will gain access to secure integration interfaces to build applications for property valuation, tokenized lending, land management, and secondary-market trading.

As per the announcement, this three-tier roadmap positions Saudi Arabia as a global reference point for how digital registries, capital markets, and tokenization frameworks can converge to attract foreign direct investment (FDI) and enable world leading PropTech innovation across the economy.

The initiative is a culmination of efforts from RER, REGA with the incorporation of best practices from from Switzerland, Singapore, Germany, Japan, and the United Kingdom. The end result is a well adapted system to the Saudi institutional context. This has enabled the establishment of a “registry-as-truth” model in which the RER ledger serves as the conclusive record of property rights.

The system incorporates global interoperability standards – including W3C Verifiable Credentials, eIDAS 2.0, and Shariah-compliant asset structures leveraging the existing fractional ownership model in Saudi Arabia – ensuring that digital ownership tokens are legally enforceable and internationally credible.

An integrated regulatory framework is now under implementation.

The architecture ensures compliance with the National Cybersecurity Authority (NCA) standards and integrates with Saudi identity and payments systems (Absher, Nafath, mada).

Adam Popat, SettleMint CEO “This is not a proof-of-concept – it is a national digital market infrastructure, which is in operation. Saudi Arabia is now at the forefront of a global movement redefining how nations manage, invest, and transact in real-world assets. The Kingdom’s leadership has built not just technology, but trust – the essential foundation for any programmable economy. SettleMint is honored to be entrusted as the partner to deliver this national-scale transformation.”

The Saudi real estate property tokenization platform to drive FDI and economic diversification

By linking property tokenization with capital-market infrastructure, the initiative unlocks a powerful lever for economic diversification and international capital attraction. Through regulated tokenization, investors from around the world will gain access to (fractional) Saudi real estate assets whether commercial developments or residential portfolios. It will open new investment channels and enabling PropTech’s to develop innovative investment options that reinforce Saudi Arabia’s position as a regional hub for digital asset markets.

This announcement comes as Saudi Arabia recently announced its tokenized luxury resort project in the Maldives with the Trump Group. The initiative tokenizes the development phase itself, offering investors the opportunity to participate in a high-growth, premium real estate project from inception.

Settlemint had opened three offices in Saudi Arabia by 2019, and earlier this month they announced their partnership with Inspire for Solutions Development (“Inspire”), a MENA based enterprise IT services provider operating across Jordan, The Kingdom of Saudi Arabia, Egypt, Qatar, Oman and the United Arab Emirates to bring together SettleMint’s enterprise-grade blockchain and tokenization platform with Inspire’s deep delivery capabilities and customer reach across the Middle East and Africa (MEA), enabling faster, safer and more scalable blockchain projects for public and private sector clients.