EDF International Regional Headquarters (EDF RHQ) and droppRWA have signed a Memorandum of Understanding (MoU) to explore blockchain-based solutions for the energy sector in Saudi Arabia.

The MoU establishes a framework for both organisations to explore the integration of decentralised technologies within the Saudi energy landscape.

The collaboration focuses on assessing the potential for blockchain-based protocols to streamline inter-company transactions, the tokenisation 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 modernise financing structures and drive transparency throughout the asset lifecycle.

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 tokenisation 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 tokenisation 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." -TradeArabia News Service