Global energy company EDF has signed a deal with the real-world asset ( RWA ) technology company droppRWA to look into tokenisation and blockchain -based solutions for Saudi Arabia’s energy sector. Per a press release shared with Cryptonews , Omar Aldaweesh, CEO of EDF International Regional Headquarters (EDF RHQ), signed a Memorandum of Understanding (MoU) with Faisal Al Monai, Chairman of droppRWA Limited. Therefore, the MoU has created a framework for the partners to explore the integration of decentralised technologies within the country’s energy sector. More precisely, it focuses on: blockchain-based protocols’ potential to streamline inter-company transactions, tokenisation of real-world energy assets to improve project liquidity, development of frameworks for the carbon credit industry. Moreover, the organisations say that “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.” Signing ceremony. Source: EDF, droppRWA Meanwhile, EDF Group is a large, multinational energy company. Its parent company is one of the world’s largest electricity producers, Électricité de France (EDF). The Group supplies energy and services to 41.5 million customers, it says. It generated consolidated sales of €118.7 billion in 2024, per the press release. Also, droppRWA says that its team specialise in “delivering ‘Sovereign RWA’ projects to the Primary Capital Market.” They help governments and semi-government entities utilise blockchain to unlock asset value, it says. You may also like: Mavryk CEO Alex Davis on Tokenizing Real-World Assets and Building On-chain Yield at Scale Global energy company EDF has signed a deal with the real-world asset (RWA) technology company droppRWA to look into tokenisation and blockchain-based solutions for Saudi Arabia’s energy sector.Per a press release shared with Cryptonews, Omar Aldaweesh, CEO of EDF International Regional Headquarters (EDF RHQ), signed a Memorandum of Understanding (MoU) with Faisal Al Monai, Chairman of droppRWA Limited.Therefore, the MoU has created a framework for the partners to explore the... ‘Making Energy Assets More Accessible’ The collaboration aims to set a new standard for managing and financing the region’s large-scale energy projects, the announcement says. This way, they’d create “a more sustainable and efficient economic environment,” a goal which aligns with Saudi Arabia’s Vision 2030. EDF RHQ’s Aldaweesh said that the organisation supports innovative efforts that advance the country’s energy sector. “Exploring the potential of asset tokenisation and next-generation financial technology allows us to look beyond traditional frameworks,” he writes. Therefore, the latest initiative with droppRWA will show the way in which the novel tech “can drive value for our projects and contribute to a more robust carbon credit market.” Source: LinkedIn Moreover, droppRWA’s Al Monai, argued that the MoU “represents a significant step toward making energy assets more accessible, liquid, and efficient through the power of blockchain.” “Our collaboration is about exploiting the energy sector and being able to tokenise a market that always required heavy capital to access,” he said in a LinkedIn post. You may also like: Saudi Central Bank Secures $60B Bitcoin Exposure via Strategy Stake In a rare move indicating shifting global reserve strategies, the Saudi Central Bank has revealed an investment in Strategy (formerly MicroStrategy), granting the Kingdom its first indirect exposure to Bitcoin, the world’s largest cryptocurrency by market cap.A May 16 filing with the U.S. Securities and Exchange Commission (SEC) reveals that the Saudi Central Bank holds 25,656 shares in Strategy, the world's largest corporate Bitcoin holder. As previously reported by CryptoNews,... The post Multinational Energy Giant EDF Explores Tokenisation With droppRWA appeared first on Cryptonews .
