Solowin Holdings (SWIN) announced that its US$-denominated fund, Solomon Capital SP, has entered a Memorandum of Understanding, MOU, with CITIC Contracting Company, CITIC, to co-develop next-generation digital infrastructure in Saudi Arabia, with an initial focus on data science, commercial real estate and logistics parks. By integrating Solowin’s technology-driven platform with CITIC’s real estate investment expertise, the partnership addresses the growing demand for real-world asset tokenization across the Middle East market. Peter Lok, CEO of Solowin, noted: “This partnership aligns with Saudi Vision 2030’s digital transformation goals. By combining CITIC’s on-ground execution capabilities with our regulated stablecoin infrastructure, we create a blueprint for modernizing traditional assets.”
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