Riyadh - Sharikat Mubasher: The leading Saudi digital asset custody infrastructure provider, Oumla, raised an extension seed round to accelerate the development of its infrastructure, including secure key management, portfolio and transaction operations, and governance controls designed for the corporate and public sector environment.

The extension round was led by Core Vision and Avalanche and witnessed participation from new investors, including Wa’ed Ventures, Sanabil 500, KAUST Innovation Ventures (KIV), and Plus VC.

The investment will support the deployment of private blockchain networks that are hosted and operated within the Kingdom, ultimately advancing governance and supporting data localization and operational sovereignty requirements.

Through this extension, Oumla aims to deepen partnerships with banks, organizations, and government entities and to expand the integration of blockchain technology into the financial and real estate sectors.

Mohammed Aljasser, CEO and Founder of Oumla, stated that the extension will accelerate the establishment of a secure infrastructure hosted in the Kingdom and will enable organizations to adopt digital assets securely.

He affirmed that the company will solidify its partnerships with regulatory entities, financial institutions, and government organizations to ensure the highest compliance standards.  

In September, Oumla secured $2.4 million in a seed round to expand its team and strengthen partnerships in Saudi Arabia and the wider region.