Blockchain company COTI partners with Saudi AI-blockchain consortium to accelerate Web3 adoption in MENA region
COTI, a blockchain-focused fintech company, has taken a significant step towards influencing the digital future of the Middle East, North Africa (MENA), and Africa. The company has joined the Saudi Arabia AI and Blockchain Centre (SAAIBC), a collaborative effort by government officials, technology innovators, and financial leaders, as a founding member.
SAAIBC is a newly launched initiative aimed at accelerating the adoption of AI and blockchain technologies across the MENA and African regions. The goal of SAAIBC is to bridge traditional finance (TradFi) and decentralized finance (Web3) by building a compliant and privacy-oriented digital infrastructure.
COTI's role in SAAIBC is pivotal, positioning the company as a key contributor to Saudi Arabia's Vision 2030 strategy. This national transformation, backed by a projected $100+ billion strategy, aims to place the Kingdom as a global leader in AI. The collaboration with SAAIBC offers COTI a rare opportunity to influence blockchain policy and infrastructure development across Africa and the MENA region.
By encouraging cross-sector participation, COTI aims to maximize the likelihood of long-term success for initiatives developed within the SAAIBC framework. As part of the Centre, COTI will continue to develop tools and infrastructure that address the challenges of privacy, compliance, and interoperability. This includes using their enterprise-grade privacy infrastructure to support secure and compliant decentralized autonomous organizations (DAOs), enabling confidential voting, encrypted treasury management, and regulatory compliance across multiple blockchain networks.
The company believes its involvement in this formative phase will enable the creation of impactful projects shaped by input from a wide array of stakeholders. Discussions at the Dubai Summit, where COTI's participation in SAAIBC was recognized, centered on asset tokenization strategies and the pursuit of regulatory clarity to unlock further investment and innovation.
COTI's technology is positioned as a foundational layer in the emerging tokenized economy, spanning sectors such as commodities, lending, and infrastructure. The company offers privacy-centric blockchain technology designed to enable confidential, auditable, and regulation-compliant transactions.
Moreover, COTI has integrated AI capabilities, including an AI chatbot trained on technical resources, which likely supports tokenization processes and digital innovation by streamlining interactions and data management within the ecosystem.
While the publicly available information does not list detailed step-by-step initiatives, the partnership clearly focuses on enabling the tokenization of real-world assets (RWAs) using COTI’s blockchain technology and AI-driven privacy and governance tools. This innovation underpins tokenization efforts by providing a trusted platform for governance and digital asset management tailored to regional growth in blockchain solutions.
The Dubai Summit for Real-World Assets, where COTI's participation in SAAIBC was recognized, gathered influential government representatives and major investors who collectively oversee assets under management (AUM) worth half a trillion dollars. By enabling secure and privacy-respecting digital interactions, COTI is helping to facilitate the multi-trillion-dollar opportunity linked to tokenizing real-world assets.
The Saudi Arabia AI market is forecasted to grow at a compound annual growth rate (CAGR) of 46.6%, potentially reaching a value of $61.85 billion by 2033. The partnership between COTI and SAAIBC is part of a large-scale $140 billion tech initiative, suggesting significant future developments are planned to accelerate the shift to tokenized economies in these regions.
- By joining the Saudi Arabia AI and Blockchain Centre (SAAIBC) as a founding member, COTI is strategically positioned to contribute to both business and finance sectors, leveraging technology to influence the growth and integration of AI and blockchain technologies across the MENA and African regions.
- As part of the SAAIBC initiative, COTI aims to build a compliant and privacy-oriented digital infrastructure that bridges traditional finance (TradFi) and decentralized finance (Web3), thereby supporting the tokenization of real-world assets and fostering regional growth in blockchain solutions.
