๐Ÿ›๏ธ Saudi Arabia Launches World's First National Blockchain Property Registry

๐Ÿ›๏ธ Saudi's blockchain breakthrough

By ONINO Contact Book
Dec 4, 2025, 3:28 PM
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Saudi Arabia made history by launching the world's first national blockchain property registry, enabling digital property transactions, fractional ownership, and marketplace connectivity.​ Built with SettleMint technology, the platform features Shariah-compliant structures and open APIs for PropTech development.​

Global stablecoin adoption surged as local currencies face widespread devaluation.​ Argentina saw 90% depreciation since 2015, Nigeria 50% in one year.​ The IMF now recognizes stablecoins as a "household-level hedge" with market cap exceeding $300 billion.​

Three major European banking consortiums launched separate euro stablecoin initiatives:

  • UniCredit, Banca Sella, ING consortium (announcement Dec 2)
  • BNP Paribas with Santander, Goldman Sachs, UBS
  • "Eur-Bank" by Bancomat with Italian banks

MyStocks.​Exchange received strategic grants from Coinbase and Base to tokenize African assets, targeting $1.​5T market cap across 8 African stock markets.​

Kyrgyzstan launched a $50M gold-backed USDKG stablecoin on Tron - the first state-supervised virtual currency in Central Asia, backed by physical gold reserves.​

UK government proposed "no gain, no loss" tax relief for DeFi activities, deferring capital gains tax until actual asset sales.​ The proposal received support from 32 major industry players including Aave and Binance.​

Sources

Find out what's new in RWAs this week ๐Ÿ‘‡๐Ÿงต 1/ LSEG Bids to Support UK's First Digital Gilt Platform - London Stock Exchange Group competing for Treasury contract to provide digital gilt services. - Marks LSEG's increased commitment to blockchain technology integration. -

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