The agreement, announced in Riyadh on Nov. 18, was facilitated by Seaside Arabia, which provided strategic consulting throughout the negotiations. The collaboration aligns with Saudi Arabia’s Vision 2030 objectives, particularly the Kingdom’s focus on economic diversification, advanced digital systems, and the modernization of national infrastructure.

Under the partnership, WhiteBIT and Durrah AlFodah will work on several national-level initiatives intended to strengthen the Kingdom’s digital capabilities. These include efforts to introduce blockchain-based tokenized securities within the Saudi stock market to improve transparency and market efficiency. The parties also plan to explore a framework for a potential central bank digital currency, supporting research and the underlying technological architecture for a sovereign digital asset.

Another priority involves developing national data computing and mining centers to enable secure data processing, blockchain computation, and digital asset mining across Saudi Arabia’s emerging digital economy. The companies intend to establish a joint venture to advance and scale these initiatives as they move through regulatory and operational stages.

Read more: Internet Breakdown: Cloudflare Outage Knocks Several Crypto Platforms Offline

Durrah AlFodah will lead market entry pathways, regulatory engagement, and local partnerships for WhiteBIT, while the exchange will contribute its technical expertise and infrastructure design. WhiteBIT Founder and W Group President Volodymyr Nosov said the collaboration reflects a shared ambition to build secure digital systems and contribute to Saudi Arabia’s technological future.

The partnership aims to position Saudi Arabia as a regional center for blockchain innovation, digital finance development, and data sovereignty as the Kingdom accelerates its digital transformation goals.

• What does the WhiteBIT–Durrah AlFodah agreement aim to achieve?
  It focuses on advancing blockchain, digital finance, and data infrastructure across Saudi Arabia.
• How does the partnership support Vision 2030?
  It aligns with national goals centered on economic diversification and digital transformation.
• What projects are included in the cooperation?
  Plans cover stock market tokenization, CBDC framework development, and national data computing centers.
• • Who facilitated the agreement?
  Seaside Arabia acted as the strategic consultant and guided the partnership framework.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。