Overview
- WhiteBIT says it signed a strategic cooperation agreement with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud.
- According to the announcement, the partners aim to pursue stock-market tokenization, a CBDC framework, and national data computing and mining centers in Saudi Arabia.
- Durrah AlFodah is slated to facilitate market entry, regulatory engagement, and local partnerships, while WhiteBIT would provide technology and infrastructure design.
- The parties say the collaboration contemplates forming a joint venture to manage and scale the proposed initiatives.
- Seaside Arabia is credited as the strategic consultant on the agreement, and WhiteBIT describes itself as the largest European crypto exchange by traffic and part of W Group.