Oumla and Sakani in KSA to utilize blockchain for real estate
Saudi digital asset infrastructure provider for regulated financial use cases, startup Oumla has signed a memorandum of understanding with Sakani, a platform operated by NHC Innovation, to support the use of Oumla-developed blockchain infrastructure in the real estate sector.
According to the announcement, Sakani brings together real estate services and solutions through a digital platform designed to support users across different stages of their property journey.
The partnership builds on Oumla’s work to enable digital asset infrastructure in Saudi Arabia and expand the use of emerging technologies in real estate. It is also in line with Saudi Arabia’s strategy when it comes to tokenization of real estate assets. Earlier this year SettleMint announced that it had tokenized the national real estate registry.
In late 2025, Oumla extended its seed round which will accelerate Oumla’s blockchain infrastructure. This extension follows the previously announced round led by Core Vision Investment and Avalanche, now joined by Wa’ed Ventures, Sanabil 500, KAUST Innovation Ventures (KIV), and Plus VC.
This July the startup signed a strategic partnership with the General Council for Islamic Banks and Financial Institutions (CIBAFI), aimed at accelerating digital innovation and modern technology adoption across the Islamic finance sector.
As per the LinkedIn post, the partnership will focus on developing digital financial infrastructure, blockchain and distributed ledger technologies, applied research, knowledge exchange, and will include training programs and capacity building activities. It also opens the door for both entities to explore the role of tokenization, smart contracts and compliant digital asset infrastructure in Islamic capital markets, liquidity management and institutional financial services.
