EDF RHQ and droppRWA signed an MoU to explore blockchain solutions for Saudi energy assets.
EDF International Regional Headquarters (EDF RHQ) and droppRWA Limited signed a Memorandum of Understanding (MoU) to explore blockchain-based solutions for the energy sector in Saudi Arabia.
The agreement was signed by Omar ALDAWEESH, CEO of EDF RHQ, and Faisal Al Monai, Chairman of droppRWA, with both organisations describing the MoU as a framework to assess decentralised technology applications across inter-company transactions, real-world energy asset tokenisation, and carbon credit industry development.
Under the MoU, the parties said they will examine the potential for blockchain protocols to streamline transactions between companies operating in the sector, and to support the tokenisation of energy assets to improve project liquidity.
The organisations positioned the collaboration as aligned with Saudi Arabia’s Vision 2030, with a focus on applying financial technology to support the energy transition.
Omar Aldaweesh, CEO of EDF RHQ, said: “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.”
Faisal Al Monai, Chairman of droppRWA, said: “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.”
The announcement also emphasised transparency as a core benefit of bringing assets on-chain, positioning blockchain-based records and tokenised instruments as tools to support trust and clarity across stakeholders involved in development, financing, and ongoing operations.
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