Dropprwa, a division of droppGroup, the world’s top supplier of sovereign-grade Web3 AI and blockchain infrastructure, announced today a historic collaboration with RAFAL Real Estate Co., one of Saudi Arabia’s top developers, to carry out the Kingdom’s first-ever Real World Asset (RWA) tokenisation transaction.
This deal is a geopolitical turning point and a technological milestone. The RAFAL pilot will act as a national feasibility standard for the future of tokenised real estate markets in Saudi Arabia. The partnership seeks to redefine real estate ownership by allowing Saudi nationals to invest daily with sums as little as single-digit riyals by introducing fractional ownership of high-value real estate assets.
The objectives of financial inclusion, digital transformation, and citizen empowerment outlined in Vision 2030 align with this democratised access approach. Over fully regulated, blockchain-based investment channels, the program aims to unleash billions of dollars in domestic and foreign direct investment (FDI) capital by luring institutional-grade international money over compliant digital rails, from viability to the future state as stipulated in the agreement.
RAFAL will provide live real estate assets for controlled transaction testing during the development and implementation of a fully regulated proof-of-concept.
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