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SOLOWIN HOLDINGS (NASDAQ:SWIN) ("Solowin" or the "Company"), a leading financial services firm providing comprehensive solutions across traditional and digital assets, today 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.
This collaboration aims to bridge the gap between the private real estate market and investor demand for diversified yield-generating alternatives. By integrating Solowin's technology-driven platform with CITIC's seasoned real estate investment expertise, the partnership addresses the rapidly growing demand for real-world asset (RWA) 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."
The three-year MOU follows Solowin's recent Web3 finance initiatives. Detailed investment terms will be formalized in subsequent binding agreements.
CITIC Contracting Company is a subsidiary controlled by China CITIC Group and has been ranked among the top 250 global contractors in the Engineering News-Record (ENR) list for many years. Launched in 2016, Saudi Vision 2030 is a national program designed to diversify the economy, empower citizens, create a vibrant environment for both local and international investors, and establish Saudi Arabia as a global leader.
Posted In: SWIN
