Saudi Arabia's Tokenization Ambitions Spark Interest in XRP Ledger

Saudi Arabia is making significant strides in its efforts to modernize its economy through tokenization. As part of its Vision 2030 initiative, the country is exploring the use of blockchain technology across various sectors, including real estate and national wealth systems.

The XRP Ledger has gained attention as a potential solution for Saudi Arabia's tokenization plans due to Ripple's extensive regional ties and partnerships with Dubai regulation, UAE partnerships, and cross-border payment work.

However, it is essential to note that no blockchain has been officially selected by the kingdom yet. The country has secured $12.5 billion in real estate mandates through droppRWA, and stablecoin-based property settlements could go live on-chain by late 2026.