RIYADH, SAUDI ARABIA, January 7 2025: Omar ALDAWEESH, CEO of EDF International Regional Headquarters (EDF RHQ), and Faisal Al Monai, Chairman of droppRWA Limited, have officially signed a Memorandum of Understanding (MoU) to explore pioneering blockchain-based solutions for the energy sector in the Kingdom of Saudi Arabia.
Strategic Collaboration for Future Energy
The MoU establishes a framework for both organizations to explore the integration of decentralized technologies within the Saudi energy landscape. The collaboration focuses on assessing the potential for blockchain-based protocols to streamline inter-company transactions, the tokenization of real-world energy assets to improve project liquidity, and the development of innovative frameworks for the carbon credit industry.
By bringing energy assets on-chain, ranging from renewable energy installations to thermal assets, the partnership seeks to modernize financing structures and drive transparency throughout the asset lifecycle.
Driving Vision 2030 Objectives
This collaboration aligns with the Kingdom of Saudi Arabia’s Vision 2030 by integrating cutting-edge financial technology into the energy transition. By leveraging droppRWA’s "Sovereign RWA" infrastructure, the initiative aims to set a new standard for how large-scale energy projects are managed and financed in the region, fostering a more sustainable and efficient economic environment.
Omar Aldaweesh, CEO of EDF RHQ, commented: "At EDF RHQ, we are committed to supporting the Kingdom's energy goals through innovation. Exploring the potential of asset tokenization and next-generation financial technology allows us to look beyond traditional frameworks. This collaboration with droppRWA will provide valuable insights into how these technologies can drive value for our projects and contribute to a more robust carbon credit market."
Faisal Al Monai, Chairman of droppRWA, added: "We are proud to partner with a global energy leader like EDF. By applying our world-class tokenization infrastructure to key projects in the Kingdom, we are building the future of the Primary Capital Market. This MoU represents a significant step toward making energy assets more accessible, liquid, and efficient through the power of blockchain."
About EDF Group
The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 520TWh, a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 41.5 million customers and generated consolidated sales of €118.7 billion in 2024.
About droppRWA Limited
droppRWA Limited is a technology leader at the forefront of the Real-World Asset (RWA) tokenization industry. Utilizing the world’s largest token infrastructure, droppRWA specializes in delivering "Sovereign RWA" projects to the Primary Capital Market, enabling governments and semi-government entities to unlock asset value through blockchain technology.
Media Contact
Dana El Harake, Executive at Wachsman
https://www.cryptobreaking.com/energy-giant-edf-adopts-tokenization/?utm_source=blogger%20&utm_medium=social_auto&utm_campaign=Energy%20Giant%20EDF%20Adopts%20Tokenization%20
Comments
Post a Comment