WhiteBIT Partners with Saudi Arabia to Tokenize Financial Markets

WhiteBIT has entered into a multi-year partnership with Durrah AlFodah Holding, a key player in Saudi Arabia’s financial industry, to tokenize financial markets. This collaboration marks a significant step towards modernizing Saudi financial infrastructure and aligning it with Vision 2030. The move aims to leverage blockchain technology and develop a Central Bank Digital Currency (CBDC) framework, potentially revolutionizing the $2.7 trillion securities market in the Kingdom.