WhiteBIT and Durrah AlFodah Launch Major Saudi Blockchain Partnership

WhiteBIT and Durrah AlFodah Holding have partnered to drive blockchain, digital finance, and data infrastructure projects in Saudi Arabia, including stock market tokenization and CBDC development.

WhiteBIT, a leading European cryptocurrency exchange, has entered into a strategic cooperation agreement with Durrah AlFodah Holding to advance blockchain technology, digital finance, and data infrastructure in Saudi Arabia. The agreement, facilitated by Seaside Arabia as a strategic consultant, aligns with Saudi Arabia's Vision 2030 goals of economic diversification, technological innovation, and digital transformation. The partnership will focus on national-scale projects such as stock market tokenization to enhance transparency and liquidity, the development of a central bank digital currency (CBDC) framework, and the establishment of national data computing and mining centers. Durrah AlFodah will support WhiteBIT’s market entry and regulatory engagement, while WhiteBIT will provide technological expertise and infrastructure design. The collaboration also plans to form a joint venture company to manage and scale these initiatives, aiming to position Saudi Arabia as a regional hub for blockchain innovation and digital finance.