droppRWA, a subsidiary of droppGroup and a leading global provider of sovereign-grade Web3 AI and blockchain infrastructure, has announced a partnership with RAFAL Real Estate Co., one of Saudi Arabia’s premier developers. This collaboration aims to execute the Kingdom’s first-ever Real World Asset (RWA) tokenization transaction. This transaction represents not just a technological milestone; it is described as a strategic inflection point, according to a statement.
The RAFAL pilot will serve as a national feasibility benchmark for the future of tokenized property markets within Saudi Arabia. By redefining real estate ownership, this partnership aims to introduce fractional ownership of high-value real estate assets, allowing everyday Saudi citizens to invest with amounts starting as low as single-digit Riyals. This democratized access model aligns directly with Vision 2030’s objectives of financial inclusion, digital transformation, and citizen empowerment. The initiative is also designed to attract institutional-grade foreign capital through compliant digital frameworks, unlocking trillions in local and foreign direct investment (FDI) capital via a fully regulated, blockchain-based investment channel.
According to the terms of the agreement, the project will transition from feasibility to future implementation. droppRWA, in collaboration with leading consultancies, will conduct a comprehensive feasibility study for property tokenization across RAFAL’s portfolio. Additionally, a fully regulated proof-of-concept will be created and executed, with RAFAL providing live real estate assets for controlled transaction testing.
Read more: Dubai Land Department, VARA join forces to connect real estate registry with tokenization
Paradigm shift in capital transformation
Faisal Al Monai, co-founder of droppRWA, stated, “This transaction marks a paradigm shift. Around the world, we are witnessing the greatest digital transformation of the 21st century – the transformation of capital itself. The mission of this partnership positions Saudi Arabia at the forefront of programmable economies, with real-world impact for every citizen – starting at just 1 Riyal.”
Elias Abousamra, CEO of RAFAL Real Estate, remarked, “At RAFAL, we have always believed that real estate should be both aspirational and accessible. This partnership with droppRWA is not just about technology – it’s about democratizing real estate investment and creating a global platform for foreign direct investment into the promising Saudi market. For the first time, a young Saudi can own a piece of a premium development with just a few Riyals. That’s a powerful idea. Together with our partners, we are proud to pioneer a new model of ownership that speaks to the inclusive and innovative spirit of Vision 2030.”
Built for Vision 2030, this initiative directly supports multiple pillars of the Vision 2030 initiative. It aims to establish a sovereign-grade blockchain system powered by advanced AI for real estate markets, enhancing digital infrastructure. Furthermore, it introduces compliant, blockchain-based investment instruments to promote capital market sophistication. The initiative also focuses on citizen empowerment by enabling Saudis to co-own real estate through accessible digital investment channels. Additionally, it seeks to attract foreign investment by creating trusted infrastructure for institutional-grade real-world asset (RWA) flows.
