In a pioneering move set to redefine real estate investment, droppRWA, a subsidiary of droppGroup and a global provider of Web3 AI and blockchain infrastructure, has officially partnered with Saudi RAFAL Real Estate Co. to launch the Kingdom’s first real-world asset (RWA) tokenization pilot program. This groundbreaking initiative, centered on RAFAL’s property portfolio, aims to democratize access to high-value real estate and align directly with Saudi Arabia’s ambitious Vision 2030 goals.
The RAFAL pilot will serve as a national benchmark for the future of tokenized property markets across Saudi Arabia. By leveraging advanced blockchain and AI technologies, the partnership seeks to introduce fractional ownership of premium real estate assets, making investments accessible to Saudi citizens with amounts starting as low as single-digit Saudi Riyals. This innovative approach is expected to foster greater financial inclusion and citizen empowerment, key tenets of Vision 2030.
Beyond local impact, the initiative is also designed to attract significant institutional-grade foreign capital. Through compliant digital frameworks, the partnership aims to unlock trillions in local and foreign direct investment (FDI) capital via a fully regulated, blockchain-based investment channel, enhancing Saudi Arabia’s position as a global investment destination.
Faisal Al Monai, co-founder of droppRWA, emphasized the transformative nature of this collaboration. “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,” said Al Monai. “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, you can ‘own a piece of Vision 2030.'”
Elias Abousamra, CEO of RAFAL Real Estate, echoed this sentiment, highlighting the partnership’s role in making real estate 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,” Abousamra said.
As part of the pilot, droppRWA, in collaboration with leading consultancies, 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. The goal is to establish a sovereign-grade blockchain system powered by advanced AI for real estate markets and introduce compliant, blockchain-based investment instruments to promote capital market sophistication.
This landmark partnership underscores Saudi Arabia’s commitment to digital transformation and its proactive stance in embracing cutting-edge technologies to achieve its Vision 2030 objectives. The collaboration is expected to pave the way for a more accessible, transparent, and globally connected real estate market within the Kingdom.
