COTI and Saudi Arabia AI and Blockchain Centre (SAAIBC) Unite to Foster MENA Innovation

COTI, a fintech platform focusing on blockchain privacy, is excited to announce its membership in the newly launched Saudi Arabia AI and Blockchain Centre (SAAIBC). This synergy marks a significant step forward in driving AI and blockchain adoption in the regions of MENA and Africa.

Through this innovation, the policymakers, innovators, and tech leaders joined hands to monetize their shared vision. They all aim to revolutionize economies through emerging technologies, focusing on the tokenization of real-world assets. They also bring together the effortless collaboration between traditional finance and blockchain ecosystems. 

COTI to Revolutionize the Adoption of Global RWA

COTI’s alliance with SAAIBC cements its commitment to power the 2030 mission of Saudi Arabia. Saudi Arabia’s vision includes a $100+ billion strategy, presenting the global AI leader in the form of the country. It is forecasted for the Kingdom’s market that, by 2033, It will reach to $61.85 billion.

The market is evolving at a pace of 46.6% CAGR. COTI is a key technology partner, aiming to bridge the gap between TradFi and Web3. To fill up the gap, COTI offers a compliant infrastructure that focuses on privacy. COTI’s groundbreaking privacy tech aims to solve confidential, compliant, and auditable interactions, one of the largest problems in institutional blockchain.

COTI to Play a Remarkable Role in RWA Summit

Through its involvement in SAAIBC, COTI plays a significant role in the Dubai Summit for the Real-World Asset. The event was held at Burj AI Arab, an iconic landmark in Dubai, where SAAIBC was introduced formally. The government figures and investors attended the event to manage half a trillion dollars in AUM. They discussed tokenization strategies and regulatory clarity there.

The technology of COTI is a game-changer, emerging as a core enabler in the adoption of RWA. The multi-trillion-dollar opportunities will be unveiled through this advancement, focusing on lending commodities, infrastructure, and more. 

Shahaf Bar-Geffen, the CEO of COTI, highlights the significance of this development, stating, “This is a rare opportunity to shape blockchain policy and infrastructure at an early stage throughout the Africa and MENA region.” He further added, “With COTI involved, we aim to deliver meaningful projects with broad stakeholder input — giving the greatest possible chance of success.” 

The professionals from legal, government, regulatory, entrepreneurial, and investment sectors are cordially invited by COTI to join the progressive initiative.