DroppRWA secures $12.5bn in mandates to tokenize Saudi real estate under Vision 2030

DroppRWA has secured $12.5 billion in mandates to tokenize Saudi real estate assets, in what the company describes as one of the largest blockchain-based property initiatives tied to the kingdom’s Vision 2030 economic programme.

The initiative, led by DroppRWA chairman Faisal Monai, aims to bring property ownership, settlement systems, and financial infrastructure onto blockchain rails as the kingdom deepens its economic diversification strategy under Saudi Arabia Vision 2030.

The announcement comes as Saudi Arabia expands investment into tokenized finance, stablecoin settlements, and blockchain infrastructure across real estate, manufacturing, and energy sectors.

Saudi Arabia Vision 2030 accelerates real estate tokenization

DroppRWA’s latest acquisition of mandates marks one of the largest known tokenization efforts tied to Saudi Arabia Vision 2030. The company plans to digitize ownership structures for major real estate assets while reducing transaction settlement times from days to seconds.

According to the report, the company completed what it described as the world’s first tokenized property deed transaction on Feb. 4. The transaction demonstrated how blockchain technology could simplify ownership transfers and speed up payment processes within Saudi Arabia’s growing property market.

The effort is being led by Faisal Monai, a prominent Saudi financial technology figure known for designing SADAD, the Saudi Central Bank’s digital payments system launched in 2004. SADAD transformed payment infrastructure in Saudi Arabia by reducing reliance on physical branch payments and manual cash processing.

By 2025, SADAD had reportedly processed more than 14.5 billion transactions valued at roughly $250 billion, highlighting the scale of Saudi Arabia’s digital payments transformation before the latest Saudi Arabia Vision 2030 blockchain initiatives emerged.

Monai said the kingdom is positioning itself to demonstrate how tokenization can function at a national scale.

“By 2030, Saudi Arabia will have demonstrated something the rest of the world is still debating: that sovereign-grade tokenization can function as core national financial infrastructure.” — Faisal Monai, Chairman, DroppRWA

The company now plans a broader rollout of blockchain-based real estate systems across the Saudi property sector as Saudi Arabia Vision 2030 continues to prioritize digital transformation projects.

Saudi Arabia Vision 2030 expands blockchain economy

Saudi Arabia Vision 2030 has increasingly embraced blockchain infrastructure as part of the kingdom’s long-term economic modernization agenda. In April, Saudi Arabia’s Public Investment Fund approved its 2026–2030 strategy, with tokenization identified as a central component of future financial development.

The Public Investment Fund, which manages approximately $1 trillion in assets, has played a key role in supporting emerging technologies tied to Saudi Arabia Vision 2030.

Government-backed initiatives have already contributed to rapid growth within the kingdom’s blockchain sector. Saudi Arabia recorded more than 4,000 commercial blockchain company registrations in 2025, representing a 51% increase from the previous year.

The country also hosts an estimated 3 million active crypto investors. Between July 2023 and June 2024, crypto transaction volumes in Saudi Arabia reportedly exceeded $48 billion.

The rapid adoption of blockchain technologies reflects broader economic diversification goals under Saudi Arabia Vision 2030, which seeks to position the kingdom as a regional technology and financial hub.

Saudi Arabia’s digital economy reached SAR 495 billion, or approximately $132 billion, in 2025, accounting for around 15% of the nation’s GDP.

Meanwhile, Open World launched what it described as Saudi Arabia’s first licensed RWA Tokenization Center of Excellence in Al Khobar earlier this year. The facility is expected to focus on tokenization pilots involving real estate, carbon credits, and energy infrastructure.

Pilot projects connected to the center are expected to begin by mid-2026.

Stablecoins emerge as settlement infrastructure

Stablecoins are also becoming a core part of Saudi Arabia Vision 2030’s tokenized finance strategy. According to the report, stablecoin-based settlement systems for real estate transactions are expected to launch by late 2026 through collaboration between the Saudi Central Bank and the Capital Market Authority.

Industry data cited in the report shows the global stablecoin market has surpassed $300 billion in market capitalization, while annual transaction volumes exceeded $30 trillion in 2025, according to figures from the European Central Bank.

As Saudi Arabia Vision 2030 expands tokenized financial infrastructure, questions have emerged over whether Gulf nations are attempting to reduce reliance on the U.S. dollar in cross-border settlements.

Monai rejected that interpretation and instead described the emerging system as complementary to existing global finance networks.

“Multi-rail reality,” — Faisal Monai, Chairman, DroppRWA, describing settlement systems operating alongside existing dollar-based systems.

The broader tokenization market has continued expanding globally. Tokenized U.S. Treasury assets reached a record $15.5 billion in May, while the worldwide tokenized real-world asset market is now estimated at approximately $25 billion.