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Saudi Arabia Pushes to Tokenize Its Economy

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Saudi Arabia is accelerating efforts to modernize its financial system, placing tokenization at the center of a broader economic transformation strategy tied to Vision 2030. The country’s sovereign wealth vehicle, the Public Investment Fund (PIF), which oversees assets valued at close to $1 trillion, approved a five-year roadmap in April covering the period from 2026 to 2030.

Crypto and the blockchain industry in general appears to be accelerating in its penetration of different markets, and leading companies like Canaan Inc. (NASDAQ: CAN) will be following this…

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