Open World, a Saudi blockchain infrastructure company, has established Saudi Arabia’s inaugural RWA Tokenization Center of Excellence, with the initiative aiming to support the Kingdom’s financial sector development programme, outlined in its Vision 2030 plan.
The tokenisation platform is set to operate as a licensed, in-Kingdom entity intended to accelerate compliant digital asset innovation, designed for sovereign, enterprise, and institutional clients, throughout the Middle East and Saudi Arabia.
Tokenisation of energy infrastructure, carbon reduction credits, real estate, sovereign bonds, and regulated stablecoins, among others, will be enabled by the Center of Excellence, according to Open World, with the initiatives set to launch on Open World’s tokenisation infrastructure.
Commenting on its establishment, Matt Shaw, CEO and co-founder of Open World, says that the platform demonstrates “a long-term commitment to build alongside Saudi partners, under Saudi regulations, with infrastructure that meets the Kingdom's sovereign data and security requirements”.
Dr Salman Salem Al Khaldi, member of the Industry and Energy Committee at the Eastern Province Chamber of Commerce and Industry, adds: “This initiative aligns perfectly with Vision 2030’s goal to develop our financial sector and diversify our economy beyond traditional energy exports.”
The RWA Center of Excellence aims to begin operations in 2026, after initial pilots targeted for the middle of the year.
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