Ripple Expands in Bahrain Through Partnership With Bahrain Fintech Bay
- Ripple partners with Bahrain Fintech Bay to boost blockchain adoption and RLUSD use.
- The collaboration strengthens Ripple’s cross-border payment network across Gulf markets.
- Ripple aims to strengthen Bahrain’s fintech ecosystem through pilots and training projects.
Ripple has strengthened its footprint in the Middle East by partnering with Bahrain Fintech Bay, a major fintech hub in Bahrain. The partnership is expected to drive blockchain technology and the adoption of the Ripple stablecoin, RLUSD, in the Bahrain financial ecosystem. The action takes place in the wake of Ripple’s increasing presence in the region after obtaining a Dubai Financial Services Authority (DFSA) license earlier in the year.
Ripple Deepens Middle East Footprint
Ripple and Bahrain Fintech Bay will work together to develop blockchain projects in the country. The plan includes creating proofs-of-concept, pilot programs, and training initiatives. Both parties also intend to organize fintech events and educational programs to support blockchain adoption.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said Bahrain’s openness to crypto made it an ideal partner. “The Kingdom of Bahrain is an early adopter of blockchain and one of the first to regulate digital assets,” he said.
Merrick added that Ripple plans to bring its custody and RLUSD stablecoin solutions to Bahrain’s financial institutions. The company believes the partnership will help expand blockchain use in payments, tokenization, and other financial services.
Ripple currently has over 60 regulatory approvals across the globe. Its infrastructure supports institutions in moving, storing, and exchanging digital assets safely. The company continues to build partnerships in regions with clear digital asset regulations.
Suzy Al Zeerah, Chief Operating Officer at Bahrain Fintech Bay, said the collaboration will strengthen Bahrain’s fintech ecosystem. “Together with Ripple, we are creating new opportunities for pilot projects and talent development,” she said.
Bahrain Fintech Bay works closely with regulators, banks, and startups. It serves as the country’s main fintech incubator and aims to connect global innovators with the Bahraini market.
Ripple Pushes RLUSD Stablecoin Adoption
The partnership also supports Ripple’s goal to expand RLUSD, its U.S. dollar-backed stablecoin. Ripple is promoting RLUSD across several markets, including the Middle East, Africa, and Europe.
In Dubai, Ripple recently joined forces with Ctrl Alt to modernize real estate transactions on the XRP Ledger. The system stores titles of property in blockchain, which enhances transparency and security.
Ripple has also partnered with African fintech firms Chipper Cash, VALR, and Yellow Card. The partnerships are set to scale up the payments in stablecoins and enhance the cross-border transfers in Africa.
In Europe, Ripple is using Luxembourg as the base for its RLUSD expansion under the EU’s MiCA framework. Ripple Payments Europe SA will oversee the rollout to ensure compliance with European regulations.
Ripple’s expansion strategy targets markets with favorable crypto regulations. Bahrain’s early adoption of blockchain laws has positioned it as a key fintech hub in the region.
The company was also part of the Fintech Forward 2025 in Sakhir, Bahrain. It was an event hosted by Economist Impact, which brought together fintechs, banks, and regulators around the world to talk about the future of finance.
Related: Ripple Seeks OCC Banking License with Trust Bank Application
Ripple Builds on Regional Momentum
Ripple’s latest partnership continues its momentum in the Gulf. The company is working to connect financial systems through blockchain infrastructure and stablecoin technology.
With over a decade of experience, Ripple continues to support institutions seeking secure and compliant digital asset services. Its focus remains on building reliable payment and custody systems for global clients.
The collaboration with Bahrain Fintech Bay will assist in enhancing the Bahrain blockchain ecosystem. Ripple will work with local partners to explore new blockchain applications for financial institutions and businesses.
As Bahrain keeps drawing blockchain innovators, the growth of Ripple solidifies the position of the country in financial innovation. Through Bahrain Fintech Bay, Ripple aims to bridge innovation and regulation while driving RLUSD adoption across the Gulf.
