Partnership aims to tokenize energy assets and modernise project financing in line with Vision 2030
Global energy major EDF and real-world asset technology company droppRWA have signed a strategic Memorandum of Understanding (MoU) to explore blockchain-based solutions for the energy sector in Saudi Arabia, marking a significant step towards the tokenisation of energy assets in the Kingdom.
Signed in Riyadh by Omar Aldaweesh, CEO of EDF International Regional Headquarters (EDF RHQ), and Faisal Al Monai, Chairman of droppRWA, the MoU establishes a collaborative framework to assess how decentralised technologies can be integrated into Saudi Arabia’s evolving energy ecosystem.
“Exploring the potential of asset tokenization and next-generation financial technology allows us to look beyond traditional frameworks and drive new value for energy projects in the Kingdom,” said Omar Aldaweesh, CEO, EDF International Regional Headquarters (EDF RHQ).
Under the agreement, the two organisations will evaluate the use of blockchain protocols to streamline inter-company transactions, enable the tokenisation of real-world energy assets, and develop innovative models for the carbon credit market. The initiative will cover a wide range of assets, including renewable energy installations and thermal energy projects, with the objective of improving liquidity, transparency, and efficiency across the asset lifecycle.
By bringing energy assets on-chain, the partnership seeks to modernise traditional financing structures and introduce new mechanisms for capital deployment and project funding. The collaboration also aligns closely with Saudi Arabia’s Vision 2030, which emphasises digital transformation, sustainability, and economic diversification.
EDF said the initiative reflects its commitment to supporting the Kingdom’s energy transition through innovation, while droppRWA highlighted the opportunity to apply its “Sovereign RWA” tokenisation infrastructure to large-scale national projects.
Faisal Al Monai noted that the partnership represents a step towards building the future of the primary capital market, making energy assets more accessible and efficient through blockchain technology.
The MoU underscores growing interest in the convergence of energy, finance, and decentralised technologies, positioning Saudi Arabia as a potential leader in blockchain-enabled energy financing as the sector evolves toward more sustainable and digitally driven models.
