Ripple Expands into Saudi Arabia Via Latest Partnership

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Crypto news outlet Coin Bureau recently reported that Ripple is expanding its presence in Saudi Arabia through a partnership with Jeel, the innovation and technology arm of Riyad Bank.

According to the post, the collaboration is focused on exploring blockchain applications for financial services across the Kingdom. The development places Ripple directly within Saudi Arabia’s institutional banking environment rather than at the retail or pilot-project level, signaling a measured but deliberate approach to market entry.

The partnership aligns with Saudi Arabia’s broader efforts to modernize its financial infrastructure and adopt advanced technologies that can improve efficiency and global connectivity. By working with Jeel, Ripple gains access to a platform designed to test and develop emerging financial technologies within a controlled and regulated framework.

Focus on Blockchain Use Cases

The collaboration is intended to support the development of blockchain-based solutions for cross-border payments, digital asset custody, and asset tokenization.

These areas are increasingly central to global financial modernization efforts, particularly for economies seeking to position themselves as regional economic hubs.

Faster and more transparent cross-border settlement remains a priority for institutions operating across multiple jurisdictions, especially within the Gulf and wider MENA region.

The initiative is also framed as supporting Saudi Arabia’s Vision 2030 strategy, which aims to diversify the economy and reduce long-term reliance on oil revenues. Blockchain infrastructure is being examined as a tool to improve the efficiency of financial services, expand capital market capabilities, and enable new digital asset frameworks under regulatory oversight.

Institutional Context and Regulatory Environment

Jeel operates as the innovation arm of one of Saudi Arabia’s largest banks, giving the partnership a strong institutional foundation. The exploration of blockchain technology is expected to take place within a regulatory sandbox environment, allowing solutions to be tested in alignment with local compliance requirements.

This approach reflects the Kingdom’s preference for structured evaluation rather than informal experimentation when adopting new financial technologies. By engaging at this level, Ripple positions itself within ongoing institutional conversations about infrastructure development.

Market Interpretation and Long-Term Positioning

The commenter emphasized that Saudi Arabia typically approaches innovation through institutional channels and that working with Jeel suggests a serious evaluation of blockchain infrastructure capabilities.

The assessment noted that while the partnership may not act as a near-term price catalyst, it strengthens Ripple’s long-term positioning in cross-border payments across the GCC and broader MENA region.

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