Faisal Monai stated in an interview that Saudi Arabia is attempting to "chain" all of their trillions of dollars worth of national assets (real estate/oil assets/capital markets) and use encryption technology to turn these real-world assets into digital tokens. Simply put, it means transforming houses, land, energy projects, fund shares, etc. that were previously only available for offline transactions into sovereign level/programmable digital certificates that can be quickly traded, mortgaged, and settled on the blockchain. The person who took the lead in doing this is Faisal Monai, who used to be one of the early core architects/designers of Saudi Arabia's digital payment system. Now, with his company droppRWA, he has obtained a formal authorization of $12.5 billion, starting with tokenization of real estate and expanding to the entire national economy. His goal is to bring trillions of dollars worth of assets to the blockchain by 2030. Why is Saudi Arabia doing this? To protect national wealth from global economic shocks. For example, During global wars, sanctions, and fluctuations in the US dollar, traditional bank accounts may be frozen, assets may be liquidated slowly, and liquidity may be poor. After asset tokenization, the trading speed of assets has changed from "a few days" to "a few seconds", making it more transparent and certain, and attracting capital from all over the world to invest. Saudi Arabia wants to diversify its oil wealth through this and no longer rely solely on selling oil to make a living (this is part of their '2030 Vision'). Overall, Saudi Arabia feels that the world is a bit chaotic and traditional finance is too fragile, so they are trying to digitize their national assets to make them more resilient, useful, and liquid. If this is really done, it may be the biggest sovereign level move in the tokenization of real assets in 2026, equivalent to endorsing blockchain at the national level. So, what does this mean for public chains like Ethereum? Firstly, they are developing their own chain, droppChain, which is specifically designed for government/sovereign assets as a "regulatory native" chain (KYC/legal finality/modifiable). However, it will bridge with public chains such as Ethereum, and these assets will be linked to their own chain and then bridged to Ethereum. For them, they can sell it to global investors, but for Ethereum, even some of them have the opportunity to increase the total amount of on chain assets and the scale of on chain transactions. These will not have any short-term impact, first we need to tokenize these assets on their own chains. If Saudi Arabia succeeds, it will also drive more countries in similar situations to put their assets on the blockchain, which is conducive to the vision of Ethereum becoming the world's settlement layer.