European cryptocurrency exchange WhiteBIT has signed a strategic cooperation agreement with Saudi Arabia–based Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud. This collaboration is aimed at accelerating the Kingdom’s progress in blockchain technology, digital finance, and data-driven infrastructure.
The agreement marks a significant step toward expanding high-value digital innovation across the Kingdom and deepening collaboration between international technology players and Saudi institutions.
Seaside Arabia, a regional advisory firm specializing in digital transformation and investment strategy, facilitated the deal as the strategic consultant and subject matter expert throughout the process.
WhiteBIT, one of Europe’s largest crypto exchanges, has been actively pursuing global partnerships to advance the adoption of secure digital asset infrastructure.
Through this cooperation, the exchange will work with Durrah AlFodah Holding to introduce advanced blockchain solutions, support the development of digital financial services, and enhance data infrastructure capabilities in both public and private sector environments.
According to the companies, the collaboration supports several core pillars of Saudi Arabia’s Vision 2030, including economic diversification, technological competitiveness, and the expansion of digital ecosystems.
The initiative is expected to contribute to the Kingdom’s accelerated transformation agenda by enabling modern financial tools, fostering emerging technology industries, and strengthening local digital capabilities.
Representatives involved in the agreement emphasized that the partnership aims to bring global expertise and institutional-grade Web3 infrastructure to the Kingdom.
By integrating WhiteBIT’s exchange technology, cybersecurity standards, and blockchain applications, the cooperation is poised to support use cases ranging from secure digital payments to enterprise blockchain adoption.
Industry observers note that the partnership fits within a broader surge of digital finance and blockchain activity across the Gulf region, where government-backed initiatives are rapidly fostering innovation.
Saudi Arabia, in particular, has been expanding its focus on data governance, fintech development, and emerging technologies as part of its long-term diversification strategy.
Further details on implementation phases and upcoming joint initiatives are expected to be announced in the coming months, as the partnership begins rolling out its technology and development programs.