#Ripple Partners With #Bahrain Fintech Bay for $RLUSD Launch


#Ripple announced a strategic partnership with Bahrain Fintech Bay on Thursday to expand blockchain and stablecoin infrastructure across the Middle East. The collaboration positions the Kingdom of Bahrain as a potential hub for compliant #blockchain deployments in the Gulf region.


The partnership builds on Ripple's Dubai Financial Services Authority license, obtained earlier this year. Growing demand from Gulf institutions to adopt digital asset technologies under clear regulatory frameworks is driving the expansion.


Reece Merrick, Ripple's managing director for the Middle East and Africa, noted that Bahrain emerged as an early adopter of blockchain technology and was among the first jurisdictions globally to regulate cryptoassets. Ripple plans to offer its digital assets custody solution and $RLUSD stablecoin to Bahrain's financial institutions.


Under the agreement, Ripple and Bahrain Fintech Bay will collaborate on pilot projects, educational programs, and local accelerator initiatives. The partnership aims to expand digital asset use cases, including #tokenization, cross-border payments, and stablecoin applications.


Ripple is participating in the Fintech Forward 2025 conference in Sakhir this week alongside regional banks, regulators, and global fintech firms.

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October 09, 2025 at 6:50 PM
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