SOLOWIN Enters Saudi Market to Drive Web3 and Data Science Through CITIC Partnership
SOLOWIN HOLDINGS (NASDAQ: SWIN) has signed a Memorandum of Understanding (MOU) with CITIC Contracting Company to develop digital infrastructure in Saudi Arabia. The three-year partnership will focus on data science, commercial real estate, and logistics parks.
The collaboration combines Solowin's regulated stablecoin infrastructure with CITIC's real estate expertise to enable real-world asset (RWA) tokenization in the Middle East market. The initiative aligns with Saudi Vision 2030's digital transformation objectives and aims to modernize traditional assets through Web3 technology.
SOLOWIN HOLDINGS (NASDAQ: SWIN) ha firmato un Memorandum of Understanding (MOU) con CITIC Contracting Company per sviluppare infrastrutture digitali in Arabia Saudita. La partnership triennale si concentrerà su data science, settore immobiliare commerciale e parchi logistici.
La collaborazione unisce l'infrastruttura di stablecoin regolamentata di Solowin all'esperienza immobiliare di CITIC per abilitare la tokenizzazione di asset del mondo reale (RWA) nel mercato mediorientale. L'iniziativa è in linea con gli obiettivi di trasformazione digitale della Saudi Vision 2030 e punta a modernizzare gli asset tradizionali attraverso la tecnologia Web3.
SOLOWIN HOLDINGS (NASDAQ: SWIN) ha firmado un Memorando de Entendimiento (MOU) con CITIC Contracting Company para desarrollar infraestructura digital en Arabia Saudita. La asociación, con una duración de tres años, se centrará en ciencia de datos, bienes raíces comerciales y parques logísticos.
La colaboración combina la infraestructura de stablecoin regulada de Solowin con la experiencia inmobiliaria de CITIC para permitir la tokenización de activos del mundo real (RWA) en el mercado de Oriente Medio. La iniciativa se alinea con los objetivos de transformación digital de la Saudi Vision 2030 y busca modernizar activos tradicionales mediante la tecnología Web3.
SOLOWIN HOLDINGS (NASDAQ: SWIN)가 CITIC Contracting Company와 사우디아라비아에서 디지털 인프라를 개발하기 위한 양해각서(MOU)를 체결했습니다. 3년간의 파트너십은 데이터 과학, 상업용 부동산 및 물류 단지에 중점을 둡니다.
이번 협력은 Solowin의 규제된 스테이블코인 인프라와 CITIC의 부동산 전문성을 결합해 중동 시장에서 실물 자산(RWA) 토큰화를 가능하게 합니다. 이 이니셔티브는 Saudi Vision 2030의 디지털 전환 목표와 일치하며 Web3 기술을 통해 전통 자산을 현대화하는 것을 목표로 합니다.
SOLOWIN HOLDINGS (NASDAQ: SWIN) a signé un protocole d'accord (MOU) avec CITIC Contracting Company pour développer des infrastructures numériques en Arabie saoudite. Le partenariat de trois ans se concentrera sur la science des données, l'immobilier commercial et les parcs logistiques.
La collaboration combine l'infrastructure de stablecoin réglementée de Solowin avec l'expertise immobilière de CITIC afin de permettre la tokenisation d'actifs du monde réel (RWA) sur le marché du Moyen-Orient. L'initiative s'aligne sur les objectifs de transformation numérique de la Saudi Vision 2030 et vise à moderniser les actifs traditionnels grâce à la technologie Web3.
SOLOWIN HOLDINGS (NASDAQ: SWIN) hat ein Memorandum of Understanding (MOU) mit CITIC Contracting Company unterzeichnet, um digitale Infrastruktur in Saudi-Arabien zu entwickeln. Die dreijährige Partnerschaft konzentriert sich auf Data Science, Gewerbeimmobilien und Logistikparks.
Die Zusammenarbeit vereint Solowins regulierte Stablecoin-Infrastruktur mit CITICs Immobilienkompetenz, um die Tokenisierung realer Vermögenswerte (RWA) im Nahen Osten zu ermöglichen. Die Initiative steht im Einklang mit den Digitalisierungszielen der Saudi Vision 2030 und zielt darauf ab, traditionelle Vermögenswerte mithilfe von Web3-Technologie zu modernisieren.
- Strategic entry into the growing Saudi Arabian market
- Partnership with established CITIC Group subsidiary ranked among top 250 global contractors
- Alignment with Saudi Vision 2030 national development program
- Expansion of real-world asset tokenization capabilities
- MOU is non-binding with detailed terms yet to be finalized
- Timeline for revenue generation not specified
Insights
SOLOWIN's Saudi expansion through CITIC partnership creates strategic foothold in Middle East's growing Web3 and real estate tokenization markets.
SOLOWIN Holdings has made a calculated move into the Saudi Arabian market through a strategic MOU with CITIC Contracting Company. This partnership targets the development of digital infrastructure in Saudi Arabia, specifically in data science, commercial real estate, and logistics parks.
The collaboration's core strategic value lies in its alignment with Saudi Vision 2030, the kingdom's ambitious economic diversification program. By focusing on real-world asset (RWA) tokenization, SOLOWIN is positioning itself at the intersection of two significant trends: Saudi Arabia's push for digital transformation and the growing institutional interest in tokenized real estate assets.
The partnership architecture leverages complementary strengths—SOLOWIN contributes its regulated stablecoin infrastructure and tokenization expertise while CITIC brings established real estate investment capabilities and on-ground execution in the region. This creates a potential first-mover advantage in a market actively seeking technological modernization.
This three-year MOU represents an extension of SOLOWIN's existing Web3 finance initiatives. While detailed investment terms remain pending in future binding agreements, the collaboration establishes a framework for the company to tap into the Middle East's growing demand for alternative investment vehicles.
For context, CITIC's credentials as a subsidiary of China CITIC Group and its consistent ranking among ENR's top 250 global contractors provides SOLOWIN with a credible implementation partner in a complex market. This partnership potentially creates a template for SOLOWIN to replicate similar arrangements in other emerging markets pursuing digital transformation agendas.
Strategic collaboration expands investment offerings and lays groundwork for tokenized real estate opportunities
Hong Kong, Aug. 20, 2025 (GLOBE NEWSWIRE) -- 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.
About SOLOWIN HOLDINGS
SOLOWIN HOLDINGS (NASDAQ: SWIN) is a leading global financial services firm operating in both traditional and Web3 industry. Founded in 2016, it has delivered a unique, full-spectrum ecosystem that bridges traditional and decentralized finance. Leveraging its Hong Kong Securities and Futures Commission (SFC) licensed subsidiaries with full digital asset capabilities, the Company operates a robust Web3 Infrastructure division. Through its self-developed, vertically integrated, enterprise-grade platform, Solowin delivers compliant traditional finance (TradFi), real-world asset (RWA) tokenization, and global digital payment solutions—solidifying its role as a key player in reshaping global finance through a seamless Web3-to-TradFi ecosystem.
For more information, visit the Company’s website at https://solowin.io or investor relations webpage at https://ir.solowin.io.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission (the “SEC”) including the "Risk Factors" section of the Company's most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available for review at www.sec.gov.
For investor and media inquiries please contact:
SOLOWIN HOLDINGS
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Email: ir@solomonwin.com.hk
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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FAQ
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