Is Saudi Aramco Planning a Blockchain Listing?

Saudi Aramco the oil focused, most profitable company in the world has today announced its IPO.
Aramco will go public on the Riyadh stock exchange with 1–2% of its equity up for grabs by the investors.
Interestingly, the hours after the IPO was announced, EGW Capital a blockchain investment bank has claimed that it has approached and proposed Saudi government to tokenize Aramco’s equity on the blockchain to make the public offering reach larger global audience.
The company is still expecting the response from the government and a high level meeting is expected soon.
If Aramco goes public on the blockchain too, it will be valued 20 times more than Bitcoin’s valuation. The market cap of all the tokens and coins in the world is just US $300 billion, comparing it with US $2 trillion dollar of market capitalization proposed by EGW Capital will either make or break blockchain.
Is Aramco too big for the blockchain? Or this will ever become a reality?
EGW Capital, the company who proposed Saudi government to increase the reach of Aramco security is yet to receive meeting schedule with HRH Crown Prince Mohammed Bin Salman.
Aramco may either use blockchain to list its fractionalized securities or may simply issue blockchain to issue debt bonds which are regularly issued by Aramco.
If the listing of Aramco on the blockchain becomes a reality, this will put blockchain into a whole separate league. The Bitcoin price will go the roof, this will begin the new chapter in the era of blockchain,” said Kathy Rosier, a blockchain journalist.
