WhiteBIT confirmed a cooperation agreement with Saudi conglomerate Durrah AlFodah Holding, represented by His Royal Highness Prince Bin Abdulaziz Al Saud. The announcement, released in Riyadh, outlines joint work aimed at expanding the Kingdom’s capabilities in blockchain, digital finance, and large-scale data infrastructure.
According to the companies, the partnership aligns with Saudi Arabia’s Vision 2030 targets for economic diversification and sovereign digital systems. Initial plans include research into tokenized financial instruments for the Saudi stock market and early assessments for a potential central bank digital currency (CBDC). Market experts note that such measures could strengthen digital liquidity and improve transparency across regional financial platforms.
Next steps include technical evaluations, regulatory coordination with Saudi authorities, and potential development of secure national computing facilities dedicated to blockchain operations. Further updates are expected as both entities advance through government review and infrastructure planning stages.
Source: https://durahalfodah.com/whitebit-agreements/
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