- Ripple signs a strategic partnership with Bahrain FinTech Bay to advance blockchain and digital asset adoption in the Kingdom.
- The collaboration includes pilot projects, educational initiatives, and accelerator programs to strengthen Bahrain’s fintech ecosystem.
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Ripple introduces its USD-backed stablecoin (RLUSD) to financial institutions in Bahrain as part of its regional expansion.
Ripple, the leading provider of digital asset infrastructure for financial institutions, has announced a strategic partnership with Bahrain FinTech Bay, the leading fintech hub committed to building strong collaborations with government entities and industry innovators. The partnership aims to accelerate the development and implementation of blockchain and digital asset technologies in the Kingdom of Bahrain.
Under the agreement, Ripple and Bahrain FinTech Bay will collaborate to support the Kingdom’s digital asset ecosystem through a wide range of initiatives, including the development of proof-of-concept and pilot projects across fintech domains. The collaboration will also explore applications in blockchain, cross-border payments, digital assets, stablecoins, and tokenization, while driving knowledge exchange, educational programs, and startup accelerators, and participating in local events to foster new partnerships and enhance innovation.
Official Statements:
Reece Merrick, Managing Director at Ripple for the Middle East and Africa, said:
“The Kingdom of Bahrain was one of the first countries globally to embrace blockchain technology and among the pioneers in establishing regulatory frameworks for cryptocurrencies. We look forward to working with Bahrain FinTech Bay to continue laying a strong foundation for blockchain advancement locally, while also offering digital asset custody solutions and providing Ripple’s USD-backed stablecoin (RLUSD) to financial institutions in Bahrain.”
Suzie AlZayer, Chief Operating Officer at Bahrain FinTech Bay, commented:
“The Kingdom of Bahrain has long held a prestigious position as a leading regional financial center and has successfully reinforced its role in the digital assets and blockchain sector. This ambitious partnership reflects Bahrain FinTech Bay’s commitment to fostering collaboration between global innovators and the local ecosystem, creating pilot opportunities, developing local talent, and providing advanced solutions to shape the future of the financial sector. Through this collaboration, we aim to strengthen fintech innovation in the region.”
Ripple also showcased its latest innovations at the Fintech Forward 2025 event held in Bahrain on October 8–9, which brought together fintech experts, banks, financial institutions, and regulators to discuss emerging opportunities and challenges in global finance.
With over a decade of experience in digital assets, Ripple provides secure, user-friendly, and regulation-compliant infrastructure solutions that empower financial institutions to store, exchange, and transfer digital assets seamlessly. The company holds more than 60 global regulatory licenses and registrations, including a license from the Dubai Financial Services Authority (DFSA) obtained in March 2025—making Ripple the first blockchain-based crypto payments company to receive such authorization in the region.
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