Saudi Arabia Launches Real Estate Tokenization Pilot With 1 Riyal Entry
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最新报道：Saudi Arabia's Ministry of Municipal and Rural Affairs and Housing has launched a real estate tokenization pilot project, allowing investors to buy fractional ownership in properties starting from just 1 Saudi riyal ($0.27). The initiative, developed in collaboration with local fintech firm Elm, aims to enhance market liquidity and accessibility while reducing transaction costs. This blockchain-based system enables property trading through digital tokens representing ownership shares, with transactions recorded on a distributed ledger. The pilot marks Saudi Arabia's latest move to explore blockchain applications in traditional sectors, following previous digital asset experiments by the Saudi Central Bank.
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