Saudi Pan Ocean Capital to tokenize equity of entertainment business in KSA
Saudi Arabian based Pan Ocean Capital, asset management firm, announced plans to introduce a tokenized equity startup in and has started to tokenize the equity of LeWhdk Entertainment, a KSA events and entertainment platform.
The LeWhdk Entertainment equity will be tokenized offering fractionalized tokenized shares, and aims to reach a valuation of $83 million in five years.
The aim is to widen investors participation, while preserving governance and regulatory standards. According to Pan Ocean Capital, LeWhdk’s tokenized shares will operate under an approved governance model and are expected to be listed on leading global exchanges, with the firm overseeing the process as part of its market expansion plans.
The company also said it has allocated 8.3 million LeWhdk tokens to charitable initiatives, linking the launch to social impact objectives alongside capital market innovation. The first phase of the rollout is focused on Saudi Arabia, with plans to expand across the Middle East in subsequent stages, followed by wider international markets as the tokenisation ecosystem develops.
By converting equity into blockchain-based tokens, the Riyadh-based asset manager is testing whether digital ownership structures can broaden investor access while remaining within accepted governance frameworks.
