Saudi Arabia has taken a major step toward strengthening its digital economy with the launch of the Kingdom’s first Real World Asset (RWA) Tokenization Center of Excellence by Open World. The initiative aligns closely with Vision 2030, reinforcing the nation’s ambition to become a global hub for financial innovation, blockchain adoption, and digital transformation.
The newly established Center of Excellence is designed to accelerate the development, education, and implementation of RWA tokenization across key sectors, including real estate, infrastructure, commodities, and private assets. By leveraging blockchain technology, the initiative aims to transform traditionally illiquid assets into digital tokens, enabling fractional ownership, enhanced transparency, and improved market accessibility.
Open World’s center will serve as a collaborative platform bringing together regulators, financial institutions, technology providers, and enterprises. A core focus will be on building compliant frameworks that align with Saudi Arabia’s regulatory environment while promoting innovation in decentralized finance (DeFi) and tokenized asset ecosystems.
As part of its mandate, the Center of Excellence will also support research, training, and pilot projects, helping local talent and businesses understand and adopt tokenization technologies. This knowledge-sharing approach is expected to play a critical role in developing a skilled digital workforce, a key pillar of Vision 2030.
Industry experts note that RWA tokenization has the potential to unlock significant economic value by increasing capital efficiency, reducing transaction costs, and broadening investor participation. By launching this initiative, Saudi Arabia positions itself at the forefront of a rapidly growing global market for tokenized assets.
The move reflects the Kingdom’s broader commitment to embracing emerging technologies such as blockchain, artificial intelligence, and fintech to diversify its economy beyond oil. With Open World’s RWA Tokenization Center of Excellence, Saudi Arabia is laying the groundwork for a more inclusive, transparent, and innovation-driven financial future.
