DroppRWA, a sister company of the Web3 technology provider DroppGroup, has teamed up with Saudi Arabia’s real estate developer RAFAL Real Estate Co. to execute the kingdom’s first-ever real-world asset (RWA) tokenization transaction. This initiative represents a significant turning point, as the RAFAL pilot will serve as a national feasibility benchmark for the future of tokenized property markets, both within Saudi Arabia and beyond.

The collaboration seeks 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 model of democratized access is in line with Vision 2030’s objectives of financial inclusion, digital transformation, and citizen empowerment. Additionally, the initiative is designed to attract institutional-grade foreign capital using compliant digital technology.

DroppRWA will conduct a comprehensive feasibility study for property tokenization across RAFAL’s portfolio. A fully regulated proof-of-concept will be developed and executed, with RAFAL providing live real estate assets for controlled transaction testing.

Faisal Al Monai, a co-founder of droppRWA, stated that this transaction signifies a paradigm shift. He noted that globally, there is a significant digital transformation occurring, particularly in capital. He emphasized that this partnership positions Saudi Arabia at the forefront of programmable economies, with real-world benefits for every citizen. He highlighted that with just 1 Riyal, individuals can “own a piece of Vision 2030.”

Furthermore, Al Monai mentioned that for institutional and global investors, this will be a fully regulated pilot that offers a secure entry point for institutional-grade Foreign Direct Investments (FDI) into Saudi Arabia. He explained that it combines stablecoin liquidity with sovereign-grade infrastructure, facilitating the integration of real-world assets onto the blockchain with trust, speed, and scale.

Elias Abousamra, CEO of RAFAL Real Estate, remarked that at RAFAL, they have always believed that real estate should be both aspirational and accessible. He emphasized that this partnership with droppRWA is not merely about technology; it is about making real estate investment more democratic and creating a global platform for foreign direct investment in the growing Saudi market. Abousamra noted that, for the first time, a young Saudi can own a piece of a premium development with just a few Riyals, calling this a powerful idea. He expressed pride in pioneering a new model of ownership that embodies the inclusive and innovative spirit of Vision 2030.