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4h ago

Ripple Strikes Bahrain Fintech Bay Deal to Pilot RLUSD and Custody With Local Banks

The tie-up positions Ripple to run regulated pilots with Bahraini institutions using its RLUSD stablecoin alongside custody services.

Manama, capital of Bahrain (Charles Adrien Fournier/Unsplash)
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Ripple partners with bahrain fintech bay to boost blockchain innovation in gulf
Ripple partners with bahrain fintech bay to develop blockchain and payment solutions

Overview

  • Ripple and Bahrain Fintech Bay announced a partnership to run proofs-of-concept, pilot projects, training programs, and accelerator initiatives focused on blockchain use cases in the Kingdom.
  • Ripple says it plans to make its enterprise-grade RLUSD stablecoin and institutional custody platform available to Bahrain’s financial institutions subject to local frameworks.
  • The engagement targets cross-border payments, tokenization, and stablecoin applications, with outreach at Fintech Forward 2025 in Sakhir to connect banks, regulators, and fintechs.
  • The move builds on Ripple’s regional regulatory footing, including a Dubai Financial Services Authority approval in March 2025 and more than 60 licenses globally, while Bahrain is highlighted as an early crypto-regulation adopter.
  • Market signals referenced in coverage include a recent Bybit listing for RLUSD and reported growth in trading activity, though broader institutional adoption in MENA is expected to depend on pilot outcomes and regulatory alignment.