The Ripple expands its traces of the Middle East through a new partnership with the Bahrain Fintech Bay, the main Fintech Incubator and ecosystem platform of the Kingdom, as part of its pushing to include blockchain and stablecoin infrastructure in regulated financial markets.
The transition forms the Ripple’s Dubai Financial Services Authority (DFSA) license earned earlier this year and emphasizes the growing demand from Gulf institutions to adopt digital asset technologies under clear regulatory frameworks.
“The Kingdom of Bahrain has emerged as an early adopter of blockchain technology, and one of the first constituents in the world to organize cryptoassets,” said Reece Merrick, managing the director for the Middle East and Africa in Ripple. “In Ripple we look forward to cooperation with Bahrain FinTech Bay to continue placing foundations for an emerging local blockchain industry, as well as eventually offering our digital assets custody solution and stablecoin at Bahrain financial institutions. “
Under the agreement, Ripple and Bahrain Fintech Bay will work with pilot projects, educational programs, and local accelerator programs aimed at expanding cases of digital-asset use such as tokenization, cross-border payment, and Stablecoin applications.
Ripple is also participating in the FinTech forward 2025 conference this week, in conjunction with regional banks, regulators, and global FinTech companies.
“Bahrain has long been recognized as a financial service hub, and now this heritage has been further enhanced by digital assets and blockchain space,” said Suzy Al Zeerah, chief operating officer at Bahrain FinTech Bay. “This cooperation with Ripple reflects Bahrain FinTech Bay’s promise in bridging global innovations including local ecosystems, creating opportunities for pilots, talent development, and cutting solutions that will shape the future of finance.”
Ripple, which operates more than 60 regulation licenses and registrations around the world, said the collaboration will help Bahrain’s position as a potential hub for the following blockchain deployment in the Gulf region.
The company’s RLUSD Stablecoin, designed for business use and regulation clarity, has been the center of its approach to linked to tokenized properties with traditional payment infrastructure.
