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ou're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. droppRWA, a sister company of Web3 technology provider DroppGroup, has partnered 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 strategic partnership aims to introduce fractional ownership of high-value real estate assets, allowing everyday Saudis to invest with amounts starting as low as single-digit Riyals. The initiative aligns with Vision 2030's goals of financial inclusion, digital transformation, and citizen empowerment. It also seeks to attract institutional-grade foreign capital through compliant digital technology rails.

    A full feasibility study will be conducted for property tokenization across RAFAL's portfolio, followed by a fully regulated proof-of-concept that will supply live real estate assets for controlled transaction testing. Faisal Al Monai, co-founder of droppRWA, says this transaction marks a paradigm shift in the digital transformation of capital.

    Elias Abousamra, CEO of RAFAL Real Estate, believes this partnership is about democratizing real estate investment and creating a global platform for foreign direct investment into the Saudi market. For the first time, young Saudis can own a piece of a premium development with just a few Riyals, making it a powerful idea that speaks to the inclusive and innovative spirit of Vision 2030.