Yasser Alobaidan, founder of Tharawat Green Exchange, is driving blockchain-powered sustainability in line with Saudi Arabia’s Vision 2030. (Image Source: Tharawat Green Exchange)Rather than outsourcing carbon offsetting efforts overseas, TGE’s platform centers entirely on Saudi-based projects, forging a direct link between three key groups: offsetters, local nurseries, and land-based planting initiatives. This locally rooted model helps ensure that capital circulates within the kingdom's ecosystem, supporting economic growth and environmental stewardship in tandem.
It’s an approach that mirrors Saudi Arabia’s broader Vision 2030 objectives, diversifying the economy while nurturing sustainability and innovation at home.
At its core, TGE operates as a blockchain-enabled carbon offset platform, designed to deliver transparency, traceability, and efficiency. Each planting is securely recorded on-chain with verifiable data, ensuring that every offset transaction is immutable, auditable, and accessible. This fusion of environmental conservation and digital technology has positioned TGE as a trailblazer in the region’s green tech scene.
To fuel its growth, TGE has secured a pre-seed round of approximately $450,000 from Adaverse, one of Saudi Arabia's leading Web3 venture funds. This investment was formalized in late 2024, giving TGE critical financial backing to prove its concept and scale its operations.
Saudi Arabia has committed to planting 10 billion trees by 2040, a pledge that underscores the kingdom's shift toward greener priorities. TGE plays an instrumental role in this vision by ensuring offsets are credible, transparent, and rooted in local impact.
Beyond environmental impact, TGE offers several high-value advantages:
Empowerment of local nurseries and planting efforts—supporting economic activity and job creation within the kingdom.
Enhanced trust and accountability—public and private participants can trace where each offset contributes.
Model scalability—a replicable template that could someday be introduced in regional or global contexts.
Like all pioneering startups, TGE faces hurdles. Brokering trust in a nascent carbon offset market, scaling verification infrastructure, and navigating regulatory environments are all formidable challenges. Additionally, sustaining momentum and demonstrating tangible environmental outcomes are essential for long-term credibility.
However, with the backing of seasoned Web3 investors and a mission aligned with national priorities, TGE is well-positioned to navigate these challenges and make a lasting impact
Tharawat Green Exchange (TGE) stands at the intersection of sustainability and innovation. With its blockchain-powered, locally focused platform, it is redefining how carbon offsetting can be done, transparently, efficiently, and meaningfully.
As it grows, TGE could not only help Saudi Arabia meet its environmental goals but also serve as a blueprint for other nations seeking to marry green action with technological integrity.
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