Asset Tokenization (Riyadh Valley Company)

Summary

• Riyadh Valley Company was established in 2010 by Royal Decree No. 116 as the investment arm of King Saud University.p.2
• McKinsey estimates total tokenized real-world assets (RWAs) could reach $4 trillion by 2030, excluding cash and stablecoins.p.3
• The market cap of tokenized assets is projected to approach $2 trillion by 2030, excluding cryptocurrencies and stablecoins.p.4
• US Treasury bonds represented $9.20 billion (41.6%) of total tokenized RWAs as of early 2026, followed by commodities at $3.99 billion (18.0%).p.7
• BlackRock's BUIDL fund is the largest tokenized US Treasury fund with $1.7 billion in assets, followed by Circle Internet Financial's USYC at $1.5 billion.p.7
• In June 2025, Saudi Arabia completed its first real estate tokenization transaction under the supervision of the Real Estate General Authority.p.10

Key insights

1. Institutional assets managed by major firms like JPMorgan, Franklin Templeton, and BlackRock in tokenized form reached $2.4 billion in early 2026.p.3
2. Singapore leads globally in application models for tokenization in 2025 with an index score of 7.5 out of 10, followed by the US at 7.3.p.6
3. Tokenized US Treasury bonds grew at a CAGR of 202.9% from 2022 to 2025, expanding from $0.1 billion to $8.8 billion.p.7
4. Tesla leads the M7 companies with $65.8 million in tokenized shares, representing 37.4% of the group's total $176.2 million tokenized equity value.p.7
5. Under an aggressive adoption scenario, the tokenized asset market could reach $3.8 trillion by 2030, while a slow adoption scenario estimates $0.8 trillion.p.8
6. Dubai launched a government-backed real estate tokenization initiative in May 2025 through the Dubai Land Department, allowing fractional ownership starting from AED 2,000.p.10
7. The Saudi Real Estate Registry adopted the SettleMint platform as the foundation for its national real estate tokenization infrastructure.p.12
8. Madak is a Saudi fintech-proptech startup backed by Riyadh Valley Company through Flat6Labs, enabling fractional real estate investments starting from SAR 500.p.13