Jozo, a specialist in fractional real estate ownership solutions, has announced a strategic partnership with Oumla, an enterprise blockchain infrastructure company. The agreement aims to pioneer the tokenization of real estate assets and facilitate fractional ownership through a fully-regulated and transparent platform hosted on a local blockchain network within the Kingdom.
A Strategic Alliance for Onshore Tokenization
The collaboration leverages the distinct strengths of both companies to create a product specifically tailored for the Saudi market. The core of the agreement is to develop a system that enables the tokenization of property assets, making fractional ownership accessible through a secure blockchain infrastructure hosted entirely within Saudi Arabia.
This partnership combines Jozo’s expertise in real estate product development and managing offerings in compliance with relevant regulations, with Oumla’s robust capabilities in providing private blockchain infrastructure. Oumla will supply the essential technology stack, including wallet and key management, tokenization solutions, digital asset lifecycle management, and secure APIs for integration with institutional systems.
Driving Proptech Innovation for Vision 2030
Both leaders highlighted the partnership’s alignment with Saudi Arabia’s digital transformation goals. Turki AlShalil, Founder and CEO of Jozo, stated, “We believe at Jozo that the future of real estate investment will depend on the integration of technology and finance to provide solutions that enable individuals and institutions to access real investment opportunities in a regulated and transparent manner. Our partnership with Oumla is a strategic step towards developing an integrated Saudi digital environment to enable fractional ownership and tokenize real estate assets in line with the digital economy’s trends and the Kingdom’s Vision 2030.”
Echoing this sentiment, Mohammed Aljasser, Founder and CEO of Oumla, commented, “At Oumla, we aim to build a secure and reliable national blockchain infrastructure that contributes to enhancing the digital transformation of vital sectors. Our collaboration with Jozo employs this technology to serve the real estate sector by enabling tokenization and managing digital assets locally, which increases market efficiency and enhances trust and transparency in investment processes.”
About Jozo
Jozo is a Saudi-based company specializing in developing innovative solutions for fractional real estate ownership. The company focuses on integrating technology and finance to provide regulated and transparent investment opportunities for both individuals and institutions in the real estate market.
About Oumla
Oumla is a Saudi company that provides secure, enterprise-grade blockchain infrastructure. The firm specializes in building private blockchain networks, managing digital wallets and keys, and offering comprehensive solutions for asset tokenization and management to support the digital transformation of key economic sectors.
Source: Jawlah
