Pan Ocean Capital Launches MENA’s First Tokenised Equity Startup

Riyadh-based asset management firm Pan Ocean Capital has announced the launch of what it describes as the Middle East and North Africa’s first tokenised equity startup, beginning with the transition of equity in LeWhdk, a Saudi-based platform focused on modern, large-scale events.

Under the initiative, equity in LeWhdk Entertainment is being offered through tokenisation, making it the first Saudi company to provide share ownership in this format. Pan Ocean Capital said the LeWhdk App has been evaluated to reach a valuation of $83 million at the end of five years, positioning the platform as the starting point for its broader tokenised equity strategy.

Tokenised equity is intended to widen investor participation while preserving governance and regulatory standards. According to Pan Ocean Capital, LeWhdk’s tokenised 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.