Saudi Arabia tokenizes economy for wealth protection

Saudi Arabia is undertaking a significant initiative to tokenize its vast economy, estimated in the trillions of dollars. This strategic move aims to safeguard national wealth against potential global economic shocks and volatility. The chairman of droppRWA has already secured substantial mandates, totaling $12.5 billion, specifically for tokenizing real estate assets. The ambition extends beyond property, with plans to bring a much larger portion of the nation's wealth onto the blockchain, leveraging tokenization for enhanced security and liquidity in a rapidly changing financial landscape.