Regarding the news release titled “His Excellency Al-Hogail Sponsors the Kingdom’s First Ever Tokenized Property Title Deed Transfer Utilizing droppRWA’s Technology Infrastructure” issued by droppRWA via PR Newswire on February 4, 2026, the company has advised us to disregard the photo originally included with the release. The complete corrected release follows:

His Excellency Al-Hogail Sponsors the Kingdom’s First Ever Tokenized Property Title Deed Transfer Utilizing droppRWA’s Technology Infrastructure

RIYADH, Saudi Arabia, 4 February 2026 — With the patronage of His Excellency Majed Al-Hogail, Minister of Municipal and Rural Affairs and Housing, the Kingdom of Saudi Arabia today completed its first-ever tokenized property title deed transfer. This transaction was conducted through a partnership between droppRWA and the Real Estate Registry (RER), using only droppRWA’s sovereign technology infrastructure.

The transaction was executed via a fully integrated sovereign digital infrastructure that includes a tokenization standard, stable settlement rails, compliance logic, an issuance framework, and a delivery-versus-payment mechanism. This reflects the role of advanced technologies in advancing the real estate sector’s digital transformation and aligning it with Saudi Vision 2030’s objectives.

The transaction took place between the National Housing Company (NHC)—the government developer of affordable housing solutions—and the Real Estate Development Fund (REDF), within the PropTech Sandbox environment overseen by the General Authority for Real Estate (REGA).

The successful pilot demonstrated the potential to reduce settlement complexity and accelerate transaction certainty in real estate, while maintaining regulatory oversight and supervision. A digital token (tokenized deed) representing the property title was linked to the RER’s official registry, alongside the issuance of a separate token for a transferable ownership interest. Compliance rules were encoded into the ownership transfer logic, and settlement was completed securely and simultaneously through stable delivery-versus-payment mechanisms.

His Excellency Majed Al-Hogail, Minister of Municipal and Rural Affairs and Housing, emphasized that integrating trust, law, and technology has driven a qualitative leap in real estate asset management. He noted this milestone highlights the sector’s ability to keep pace with digital transformation and open new investment horizons.

This achievement preserves the Real Estate Registry’s role as the official, trusted data source; supports affordable housing programs; strengthens institutional investment flows; and enhances the Saudi real estate market’s appeal to foreign direct investment—all within clear digital frameworks aligned with Saudi Vision 2030.

Both the Real Estate Registry and droppRWA are expected to publish a technical summary of the pilot’s outcomes, alongside implementing additional pilot transactions in designated investment zones across the Kingdom.

About droppRWA
droppRWA is a leading provider of regulator-native sovereign tokenization infrastructure. Built to meet the rigorous requirements of G20 economies and fast-growing nations, droppRWA’s proprietary Trust Stack enables high-value, traditionally illiquid assets and fund instruments in critical sectors (real estate, energy, infrastructure) to be managed on-chain. droppRWA empowers enterprises, governments, and institutional investors to unlock programmable ownership and expand capital markets in a secure, transparent, scalable digital economy.

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