- Ripple partners with Bahrain FinTech Bay to expand its blockchain and digital asset presence.
- Ripple plans to offer its stablecoin RLUSD and digital asset custody services to Bahrain’s financial institutions.
- The partnership aims to boost blockchain adoption through pilot projects, education, and ecosystem development.
Ripple, a global fintech leader in blockchain and digital assets for cross-border payment and liquidity solutions, has announced a new partnership with Bahrain FinTech Bay, one of the country’s top fintech hubs. This move marks Ripple’s official expansion into the Kingdom of Bahrain.
The goal of the partnership is to grow Bahrain’s blockchain and digital asset ecosystem. Ripple and Bahrain FinTech Bay will work together to collaborate on pilot programs, education, and market development, helping local financial institutions explore real-world blockchain applications.
Ripple to Boost Blockchain in the Middle East
This expansion builds on Ripple’s growing footprint in the Middle East. Earlier this year, the company received a license from Dubai’s financial regulator, making it the first blockchain-based payments company to get such approval in Dubai.
Now, Ripple is aiming to bring its products and solutions, like cross-border payments, RLUSD stablecoin, and digital asset custody services, to financial institutions in Bahrain.
In his commentary, Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said Bahrain has been quick to embrace blockchain. “We look forward to working with Bahrain Fintech Bay to continue laying the foundations for a thriving local blockchain industry,” he added.
Related: Ripple Funds UC Berkeley With $1.3 Million in RLUSD; Stablecoin Adoption Expands Globally
Education, Innovation, and Real-World Projects
Ripple and Bahrain FinTech Bay will work on several key activities:
- Supporting proof-of-concept and pilot blockchain projects
- Showcasing use cases in digital payments, tokenization, and stablecoins
- Leading education programs and accelerators
- Joining local events to build partnerships and share knowledge
Suzy Al Zeerah, COO of Bahrain FinTech Bay, said the partnership helps connect global companies like Ripple with local talent and innovation. “Together, we’re building the future of finance in Bahrain,” she said.
Ripple at Fintech Forward 2025
Ripple is also participating in Fintech Forward 2025, a major industry event in Bahrain hosted by Economist Impact. The event brings together leaders from fintechs, banks, governments, and regulators to discuss trends and opportunities in global finance.
Notably, Ripple has been active in the digital asset space for over 10 years. It now holds more than 60 licenses worldwide, including one from Dubai’s DFSA, giving it strong credibility and regulatory backing.
Related: Dubai Regulator DFSA Greenlights Ripple’s RLUSD Stablecoin for Use in Financial Centre
With secure and compliant infrastructure, Ripple is positioning itself as a trusted partner for financial institutions wanting to store, move, and use digital assets globally, and now, in Bahrain too.
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Source: https://coinedition.com/ripple-expands-into-kingdom-of-bahrain-with-new-fintech-partnership/
