Saudi Arabia’s blockchain sector has grown faster than almost anyone expected.
As of Q2 2025, more than 4,000 blockchain companies were registered in the Kingdom – a 51% increase year on year, according to Gulf Articles. Riyadh alone accounts for 62% of that total, with 2,463 companies based in the capital. The sector now ranks among the 23 most popular industries in Saudi Arabia and has attracted a 38% surge in foreign and GCC investor interest over the same period.
The growth isn’t incidental – Vision 2030’s digital transformation mandate, the Capital Market Authority’s licensing framework for crypto exchanges, and the Ministry of Communications’ active engagement with Web3 platforms have created a regulatory environment that is more welcoming to blockchain businesses than most markets in the world.
That clarity is attracting companies building across the full spectrum: enterprise infrastructure, digital asset custody, Web3 gaming, NFT marketplaces, cross-border payments and tokenisation.
What Is Driving Saudi Arabia’s Blockchain Boom?
The clearest driver is regulatory intent. Saudi Arabia has made an intentional choice to position itself as a digital asset hub rather than a cautious observer. The CMA has licensed regulated crypto exchanges. The Ministry of Communications has issued licences for NFT platforms. Riyad Bank’s blockchain arm has partnered with Ripple for cross-border payments and tokenisation infrastructure. These are institutional signals, not fringe activity.
There is indeed a tangible market need. Saudi Arabia’s large expatriate population creates significant cross-border payment volume. The government’s push toward digital financial infrastructure under Vision 2030 creates procurement demand for enterprise blockchain solutions. And a young, digitally engaged consumer base provides the audience for Web3 entertainment and NFT products that have struggled to find mainstream traction in older markets.
The Top Blockchain Companies In Saudi Arabia
From Web3 gaming and NFT marketplaces to institutional custody infrastructure and regulated exchanges, here are the companies leading Saudi Arabia’s blockchain sector in 2026
1. Astra Nova
Astra Nova is one of the most ambitious Web3 companies to emerge from the Kingdom, raising $48.3 million in October 2025 to build an AI-powered Web3 entertainment platform.
The Riyadh-based company is behind Saudi Arabia’s first Web3 action RPG and has built AI-powered no-code blockchain tools that allow content creators to build and deploy their own blockchain-based products without needing to write smart contracts. The scale of the funding round – one of the largest for a Saudi Web3 company – reflects investor confidence in the thesis that entertainment and AI-assisted creation will drive mainstream blockchain adoption in the region.
2. Oumla
Founded in 2022, Oumla provides enterprise-grade digital asset custody and tokenisation infrastructure for banks and government entities.
The company raised a $2.4 million seed round in September 2025, led by Core Vision and Avalanche, and has positioned itself as the institutional layer that large Saudi organisations need to engage with digital assets in a compliant, auditable way.
Tokenisation of real estate and financial assets is one of the clearest near-term commercial applications of blockchain technology in the Kingdom, and Oumla is building the custody and settlement rails that make it operational.
3. Nuqtah NFT
Nuqtah holds a distinctive position as Saudi Arabia’s first Ministry of Communications-licensed NFT platform, launched in 2021.
The company has attracted investment from Animoca Brands and Polygon – two of the most credible names in the NFT and Web3 space globally – as well as a Cardano accelerator investment in 2025. Being first to market with a licensed, regulated NFT platform in the Kingdom has given Nuqtah a head start in a market where regulatory clarity is a genuine competitive advantage.
4. Rain
Rain is the primary regulated crypto exchange serving Saudi Arabian users, operating with a Capital Market Authority licence and supporting transactions in Saudi Riyal.
Bahrain-headquartered but operating as the leading regulated crypto gateway into the Saudi market, Rain occupies a position of significance as the Kingdom’s crypto adoption grows. CMA licensing – which requires compliance with KYC, AML and capital requirements – gives Rain a regulatory moat that unlicensed alternatives operating in the market cannot match.
5. Blockchain Solutions
Blockchain Solutions has been building enterprise blockchain applications from Riyadh since 2011, making it one of the longest-established players in the Kingdom’s blockchain space.
The company develops custom smart contracts, decentralised applications and tokenisation solutions for enterprise clients across Saudi Arabia. Fifteen years in the market predates much of the regulatory framework now in place, and Blockchain Solutions has built deep client relationships across the private and public sector that newer entrants will find difficult to replicate quickly.
6. Jeel (Riyad Bank)
Jeel is the blockchain and digital asset innovation arm of Riyad Bank, one of Saudi Arabia’s largest financial institutions.
In late 2025, Jeel announced a partnership with Ripple to build cross-border payment infrastructure, custody solutions and tokenisation capabilities on behalf of the bank.
The involvement of a major Saudi bank’s institutional arm signals that blockchain infrastructure has moved from an experimental category to a strategic investment priority for the Kingdom’s established financial sector.
