Adeer partners with droppRWA to tokenize and market a billion-riyal project portfolio

Adeer Real Estate and droppRWA have signed a memorandum of understanding establishing a strategic partnership to deliver digital ownership solutions built on blockchain technology for the tokenization and marketing of a billion-riyal real estate portfolio.

The partnership aims to tokenize and market a portfolio of development and marketing projects worth billions of riyals, ranging from residential compounds to commercial assets. It will also create new financing structures and advance the Kingdom's vision of increasing foreign direct investment by enabling fractional ownership, in full compliance with the Kingdom's regulations and the principles of Islamic Sharia.

droppRWA has announced the completion of the first end-to-end real estate transaction in Saudi Arabia, carried out in partnership with the regulatory authorities, establishing the infrastructure required to transfer property ownership rights into small, tradable digital units using blockchain technology.

Suleiman Al-Harbi, Deputy Chief Executive Officer of Adeer Real Estate, said:

The partnership will build on the Trust Stack™ architecture developed by droppRWA, which unifies legal frameworks and blockchain technology with the capital markets in a single compliant platform across three use cases: