What country had settlement of the new world was developed by its royalty

Spain had settlement of the new world developed by its royalty.

The Crown of Castile initiated the overseas expansion under the royal authority and was first accomplished by the Spanish conquistadors.

In 1493, during his second voyage, Columbus founded Isabela, the first permanent Spanish settlement in the New World, on Hispaniola.

In 1508, Spanish settled on the mainland of Central and South America.