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WhiteBIT Enters Saudi Arabia With Strategic Partnership Backed by HRH Prince Naif

Wed Nov 19 2025

WhiteBIT signs a landmark cooperation agreement with Durrah AlFodah Holding to lead Saudi Arabia’s blockchain, tokenization, and CBDC initiatives under Vision 2030.

🇸🇦 WhiteBIT Enters Saudi Arabia Through Landmark Partnership With Durrah AlFodah Holding

A strategic cooperation deal backed by His Royal Highness Prince Naif Bin Abdullah positions WhiteBIT at the center of Saudi Arabia’s Vision 2030 digital transformation.

WhiteBIT, one of Europe’s largest cryptocurrency exchanges, has officially entered the Saudi Arabian market through a strategic cooperation agreement with Durrah AlFodah Holding. The deal — announced in Riyadh on November 18 — is represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud and supported by Seaside Arabia, which led consulting, alignment, and negotiations. Full agreement details: durahalfodah.com/whitebit-agreements/one.

The partnership places WhiteBIT directly inside Saudi Arabia’s most ambitious national agenda: Vision 2030 — focusing on blockchain, digital finance, data infrastructure, and tech-driven economic diversification.

🔎 Quick Facts

🤝 Partnership: WhiteBIT × Durrah AlFodah Holding
👑 Representative: HRH Prince Naif Bin Abdullah Bin Saud
📍 Location: Riyadh, Saudi Arabia
🏛️ Strategy: Supports Vision 2030 digital transformation
🏗️ Key initiatives: tokenization, CBDC, national data centers
🧭 Deal facilitated by: Seaside Arabia

🏗️ Strategic Initiatives Under the Partnership

1. 📈 Tokenization of the Saudi Stock Market

WhiteBIT and Durrah AlFodah will collaborate on developing blockchain-based digital securities — bringing tokenized financial instruments into the Saudi exchange ecosystem. Benefits include:

greater market transparency,
enhanced liquidity,
faster trading efficiency,
wider investor accessibility.

2. 💠 Building a Framework for a Saudi Central Bank Digital Currency (CBDC)

The partnership will explore foundational architecture for a sovereign Saudi CBDC, including:

regulatory design,
technical infrastructure,
ecosystem development for digital payments.

3. 🏢 National Compute & Mining Centers

A large-scale initiative includes the creation of secure, high-capacity data centers dedicated to:

blockchain computation,
AI and high-performance data processing,
digital asset mining.

These centers form the backbone of Saudi Arabia’s emerging digital economy.

🏛️ Governance & Responsibilities

Durrah AlFodah Holding will:

lead WhiteBIT’s market entry pathway,
coordinate with regulators,
establish national partnerships.

WhiteBIT will:

provide blockchain architecture and cybersecurity expertise,
deploy tokenization and settlement systems,
design data infrastructure and mining frameworks.

A joint venture is planned to synchronize development and ensure regulatory alignment.

📣 Official Statement

“It is an honor to work alongside the Holding of His Royal Highness Prince Naif Bin Abdullah Bin Saud to build the foundations of Saudi Arabia’s digital transformation. Together, we aim to establish secure and sovereign blockchain systems that will shape the Kingdom’s technological future.” — Volodymyr Nosov, Founder & President of W Group (WhiteBIT)

🧭 Why It Matters

🇸🇦 For Saudi Arabia

The partnership supports key Vision 2030 goals:

economic diversification,
digitization of financial infrastructure,
development of sovereign blockchain systems,
positioning the Kingdom as a regional digital hub.

🌍 For Global Markets

This move highlights the growing role of regulated exchanges in national digital transformation strategies. Saudi Arabia is signaling a strong commitment to the future of:

tokenized markets,
CBDCs,
data sovereignty and secure digital infrastructure.

🏢 About WhiteBIT

WhiteBIT is Europe’s largest crypto exchange by traffic, serving 35M+ users globally with:

900+ trading pairs,
340+ digital assets,
9 fiat currencies.

Founded in 2018, the company is part of W Group and collaborates with major partners including Visa, FC Juventus, FACEIT, and the Ukrainian national football team.