REGA Announces Completion of First Real Estate Tokenization, Establishes First Global Regulatory Standard under Patronage of Municipalities Minister

Under the patronage of Minister of Municipalities and Housing and Chairman of the Real Estate General Authority’s (REGA) Board of Directors Majed Al-Hogail, the authority announced the successful completion of the first “Real Estate Tokenization” process for a title deed in the Kingdom. The tokenized asset was traded between NHC and several investors, marking the first innovation of its kind to be conducted under government regulatory oversight as part of REGA’s efforts to lead the future of digital real estate solutions.

 The authority stressed that tokenization addresses one of the real estate sector’s most significant challenges: the high value of assets and the difficulty of dividing them. Tokenization enables large properties to be converted into small, tradable digital units, allowing investors to own shares of a single asset, expanding the investor base, increasing market liquidity, and accelerating financing for real estate projects.

 REGA noted that the Kingdom is among the first countries globally to regulate property tokenization and establish the world’s first official tokenization standards for converting property ownership into encrypted, machine-readable digital tokens linked to official real estate records. This enhances transaction reliability and safeguards the rights of all parties. The National Real Estate Registration Services Company (Real Estate Registry - RER) has elevated technical readiness by adopting leading global practices, integrating advanced technologies, and establishing international partnerships to prepare the real estate registry for digital transformation. These efforts will provide reliable data for real estate platforms and support the growth of the digital assets market in the Kingdom.

 The authority noted that property tokenization represents a significant transformation in real estate regulation, enabling the creation of a more efficient and transparent market by converting real estate assets into digital forms that can be processed instantly and linked to integrated government systems, thereby enhancing governance and boosting compliance.

 REGA added that, as part of its efforts to support the sector’s digital infrastructure, it will publish the technical specifications for the tokenization standards at the beginning of 2026. This will enable PropTech companies and digital solutions providers, through the Regulatory Sandbox, one of the initiatives of the Saudi PropTech Hub (SPH), to develop innovative, standards-compliant products, support data integration, and enhance market readiness for the transition toward digital assets.