رفقة عماد
- Jozo issues the first private-sector tokenized real estate deed in Saudi history, turning theory into reality.
- Issued under REGA and RER supervision, linking digital tokens directly to physical assets.
- Tokenization enables fractional ownership at lower costs, boosting transparency and Saudi market opportunities.
In a strategic move marking a new era for the Saudi real estate sector, Jozo platform has announced the issuance of the first tokenized real estate deed from a private sector platform in the history of the Kingdom of Saudi Arabia, transforming the concept of real estate tokenization from a theoretical framework into a documented reality.
A Technological Leap Under Regulatory Supervision
This issuance represents the first practical implementation of tokenized deeds, conducted within the regulatory Sandbox of the Real Estate General Authority (REGA). It features an official title deed issued through the Real Estate Registry (RER). The deed is directly linked to an existing physical property, providing the necessary legal and financial credibility within a robust regulatory framework.
What is Real Estate Tokenization?
Jozo’s project aims to redefine real estate investment through:
- Asset Fractionality: Dividing real estate ownership into small shares (units) that can be owned via digital deeds.
- Lowering Entry Barriers: Enabling investors to enter the real estate market with affordable amounts, lower than traditional costs.
- Transparency and Protection: Providing the highest standards of security through official documentation that guarantees the rights of all owners.
Enhancing the Kingdom’s Digital Leadership
Jozo stated that this achievement reflects the rapid development of the Saudi real estate market and confirms the Kingdom’s readiness in terms of legislative and technical infrastructure to adopt PropTech solutions. In its statement, the platform emphasized: “With Jozo, tokenization is no longer just a concept to be explained; it is a documented reality and a step that reflects the future of ownership in the Kingdom.”
This milestone aligns with the goals of Saudi Vision 2030 regarding digital transformation, financial sector development, and increasing homeownership rates by providing innovative financing and investment solutions.
