Oumla, a Saudi company developing digital asset infrastructure for regulated industries, has announced a significant extension to its seed funding round. The new investment, backed by prominent regional venture capitalists, will accelerate the firm's mission to build a secure, locally-hosted blockchain ecosystem. This strategic funding is earmarked for enhancing its platform and expanding partnerships with financial institutions and government entities.
Bolstering Investor Confidence in a Regulated Approach
The extension round welcomes participation from Wa’ed Ventures, Sanabil 500, KAUST Innovation Ventures, and Plus VC. This follows an initial seed round led by Core Vision Investment and Avalanche, signaling robust investor faith in Oumla’s specialized strategy. The backing from these key regional players underscores the growing demand for compliant and enterprise-grade digital asset solutions in the Kingdom.
Developing Sovereign Digital Asset Infrastructure
The newly secured capital is designated to fast-track the development of Oumla’s core infrastructure for institutional clients. This includes advancing secure key management systems, sophisticated wallet and transaction operations, and tailored governance controls. These components are essential for organizations operating within strict regulatory and compliance frameworks, ensuring both security and oversight.
A primary focus of the investment is the deployment of private blockchain networks hosted and operated entirely within Saudi Arabia. This onshore approach is critical for meeting national requirements for data localization and operational sovereignty. By building this localized foundation, Oumla provides its partners with the assurance of full compliance with regional data governance policies.
Expanding Applications in Finance and Real Estate
With this financial boost, Oumla aims to deepen its strategic partnerships with banks, financial institutions, and government stakeholders. The company plans to drive the adoption of blockchain technology across key sectors of the Saudi economy. These collaborations are pivotal for demonstrating real-world value and building trust in digital asset solutions among established entities.
The firm is actively targeting high-value use cases, including the development of Shariah-compliant repurchase agreements and the tokenization of real estate assets. By focusing on permissioned environments, Oumla provides the granular control over governance and access that regulated markets demand. This targeted strategy positions the company as a key enabler of financial innovation within the Kingdom.
A Leadership Vision for Localized Innovation
Mohammed Al Jasser, Founder and CEO of Oumla, expressed that the support from experienced investors accelerates the creation of a secure, Saudi-hosted infrastructure. He emphasized that this platform will empower organizations to adopt digital assets with clear governance and regulatory alignment. This vision is centered on building a trusted ecosystem for institutional-grade digital finance within the Kingdom.
Al Jasser further stressed the critical importance of building and managing these advanced capabilities locally to support the sector's growth. Oumla remains committed to close collaboration with regulators, financial partners, and public sector entities. This cooperative stance is designed to uphold the highest standards of operational control and compliance in all its ventures.
Oumla's successful seed round extension marks a pivotal step in its journey to build the foundational layer for Saudi Arabia's regulated digital asset economy. By prioritizing local hosting, regulatory compliance, and institutional needs, the company is strategically positioned to bridge the gap between emerging blockchain technology and traditional finance. This development not only strengthens Oumla’s market position but also contributes to the Kingdom's broader digital transformation goals.