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Arry Hashemi
Arry Hashemi

Saudi Arabia Begins Real Estate Tokenization Pilot with droppRWA and RAFAL

In a historic first for the Kingdom’s real estate sector, droppRWA, a droppGroup company, has announced a strategic partnership with leading Saudi developer RAFAL Real Estate Co. to execute Saudi Arabia’s first-ever tokenized real estate transaction. This milestone initiative—aligned with the objectives of Vision 2030—sets the stage for a new era of fractional property ownership powered by blockchain technology—unlocking access to real-world assets (RWAs) across one of the world’s largest untapped property markets.