Detailed institutional profiles covering the key organizations shaping Saudi tokenization — from CMA and SAMA regulatory bodies to Tadawul exchange infrastructure and the fintech firms building the next generation of digital asset services.
CMA Saudi Arabia
Capital Market Authority — Saudi Arabia's securities regulator governing all digital asset securities activities, with 127 licensed entities across 14 activity categories and a dedicated Digital Assets Division supervising 34 entities authorized for tokenized securities operations.
Edaa — Securities Depository Center
Edaa (Securities Depository Center Company) — Saudi Arabia's central securities depository integrating DLT-based settlement with conventional CSD functions, serving as registrar for tokenized securities and custodian of last resort under the CMA framework.
Fintech Saudi
Fintech Saudi — the Kingdom's fintech ecosystem development catalyst, managing accelerator programs, international partnerships, and sandbox preparation services that have supported the growth from 10 fintech firms in 2017 to 200+ firms with 82 SAMA licenses by March 2026.
Rasan
Rasan — Saudi Arabia's leading financial products marketplace platform, providing insurance comparison, financial product aggregation, and open banking-powered analytics serving 3.5 million users, with SAMA licensing across payment services and financial data categories.
SAMA — Saudi Central Bank
Saudi Arabian Monetary Authority — the Kingdom's central bank governing fintech licensing, payment token regulation, digital currency initiatives, and monetary policy, with 82 licensed fintech entities and the digital riyal CBDC program in Phase 2 pilot testing.
Saudi Blockchain Lab
Saudi Blockchain Lab — the Kingdom's dedicated blockchain research and policy development institution, producing research that directly informs CMA technical standards and SAMA regulatory guidance, with 35 researchers and partnerships across 8 Saudi universities.
stc pay
stc pay — Saudi Arabia's leading digital payment platform with 12 million customers and SAR 45 billion in annual transaction volume, transitioning to STC Bank with a full digital banking license while maintaining payment token and stablecoin integration capabilities.
Tadawul — Saudi Exchange
Tadawul (Saudi Exchange) — the Kingdom's primary securities exchange with $2.7 trillion market capitalization, operating the digital securities trading platform in pilot since Q2 2025 with T+0 atomic settlement for tokenized sukuk, equity tokens, and digital bonds.