The General Authority for Real Estate in Saudi Arabia announced the adoption of a real estate tokenization system, revealing the execution of the first tokenization process for a property ownership title within the Kingdom.
The title deed was transferred between the National Housing Company and several investors. This step aims to enhance investment tools in the Saudi real estate sector.
The Authority explained that the real estate tokenization system is based on dividing large real estate assets into tradable digital units. This measure seeks to expand the investor base, increase market liquidity, and accelerate the financing of real estate projects.
This move comes as part of ongoing efforts to improve the efficiency of the Saudi real estate market and open new horizons for investors to benefit from investment opportunities more transparently and flexibly.
