Saudi-based proptech startup Jozo Real Estate Tokenization has announced the successful close of its SAR 8.3 million ($2.21 million) seed round, signalling rising interest in real estate tokenization opportunities across the Kingdom.
Jozo develops technology that enables the tokenization of real estate assets, allowing property ownership to be structured in digital form under Saudi Arabia’s evolving regulatory environment. The company had previously issued a tokenized real estate deed in Saudi Arabia through the private sector, operating within an existing legal framework.
A notable part of the round is the participation of Hamad Mohammed Bin Saedan as a strategic partner. His entry brings deep real estate sector expertise and could help broaden the range of assets made available for tokenization through Jozo’s platform.
With the new funding, Jozo plans to scale its operations, strengthen its technology infrastructure, and deepen its role in Saudi Arabia’s rapidly growing digital real estate investment ecosystem.
