Saudi Thanawi launches Shariah compliant tokenized SAFE note
Saudi-based private market investment platform Thanawi has launched T-SAFE, a tokenized Simple Agreement for Future Equity that allows startups and investors to issue, sign and document the investment instrument digitally.
According to Thanawi’s announcement, T-SAFE integrates the full issuance journey, from setting and reviewing investment terms to payment, signing, issuance and documentation. The company says the process can be completed within minutes.
The product was reviewed and certified by Shariyah Review Bureau and legally reviewed to align with Saudi Arabia’s legal environment. Both parties sign electronically through Sadiq, while agreement data is recorded and secured on Saudi blockchain infrastructure provided by Oumla.
Oumla offers digital asset infrastructure for Saudi institutions, including tokenized issuance and lifecycle management for capital market instruments. For T-SAFE, the blockchain layer provides a digital record of the agreement; Thanawi has not announced a public marketplace or secondary trading facility for the tokenized instrument.
KSA tokenization gathers pace
The launch comes as tokenization activity in Saudi Arabia expands across real estate and financial infrastructure. In November 2025, the Real Estate General Authority oversaw the Kingdom’s first tokenization of a real estate title deed with SettleMint, while Saudi market participants have since explored tokenized property, securities, deposits and settlement models.
Saudi Arabia’s Capital Market Authority has operated its FinTech Lab since 2018, allowing firms to test fintech products connected to securities activities under defined regulatory requirements. The initiative forms part of the Kingdom’s wider effort under Vision 2030 to deepen its capital markets, expand financing channels and support fintech growth.
With T-SAFE, Thanawi is applying tokenization to an early-stage funding instrument rather than a conventional listed security or real estate asset. The platform says its aim is to make private-market investment instruments easier to issue, manage and transfer.
