Ripple Expands Presence in the Middle East with New Partnership

Ripple Expands Presence in the Middle East with New Partnership

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by Diego Alvarez

a year ago

Made with AI

Ripple is making significant strides in the Middle East by forming a strategic partnership with Bahrain FinTech Bay, the leading fintech hub in the Kingdom. This collaboration is set to enhance blockchain adoption in Bahrain through various innovative projects and initiatives, and the material points to an encouraging trend: increased investment in blockchain technology across the region.

Partnership Focus

The partnership will focus on pilot projects and proof-of-concepts that highlight the potential of blockchain technology, cross-border payments, stablecoins, and tokenization. In addition, Ripple and Bahrain FinTech Bay will implement educational programs and accelerator initiatives, alongside local fintech events aimed at fostering collaboration within the region.

Expansion of Digital Asset Infrastructure

Ripple plans to expand its digital asset infrastructure, including Ripple USD (RLUSD) and digital asset custody solutions, to local financial institutions. Reece Merrick, Ripple's Managing Director for the Middle East & Africa, noted that Bahrain has been a pioneer in crypto regulation, positioning itself as a leader in the region.

Enhancing the Financial Ecosystem

Suzy Al Zeerah, COO of Bahrain FinTech Bay, stated that this alliance connects global innovators with Bahrain's financial ecosystem, thereby enhancing talent development, pilot projects, and the overall digital finance landscape in the region. Ripple's active participation at Fintech Forward 2025 in Sakhir further emphasizes its commitment to the Middle East.

Regulatory Milestones

With a total of 6043 global regulatory licenses, including a DFSA license obtained from Dubai in March 2025, Ripple has become the first blockchain payments provider licensed by the Dubai Financial Services Authority. As Bahrain joins Dubai in Ripple's regional expansion, the company continues to build a regulatory-compliant bridge for digital assets across the Gulf.

In a recent development, the UK government has announced favorable tax treatment for crypto Exchange-Traded Notes (ETNs) in investment accounts, which contrasts with Ripple's focus on blockchain adoption in the Middle East. For more details, see tax incentives.

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