EDF Group and droppRWA Partner to Tokenize Energy Assets in Saudi Arabia
EDF Group, a global leader in low-carbon energy with 520TWh of carbon output, has entered a memorandum of understanding (MOU) with droppRWA to explore blockchain-based tokenization of energy assets in Saudi Arabia. The collaboration aims to modernize financing structures by bringing renewable and thermal assets onchain, enhancing liquidity and transparency.
The partnership will leverage droppRWA's Sovereign RWA infrastructure to establish new standards for energy project management in the region. Omar Aldaweesh, CEO of EDF RHQ, emphasized the MOVE beyond traditional frameworks, stating the initiative will drive innovation in energy financing and carbon credit markets.