{"id":6066,"date":"2026-01-27T12:05:35","date_gmt":"2026-01-27T12:05:35","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6066"},"modified":"2026-01-27T12:05:35","modified_gmt":"2026-01-27T12:05:35","slug":"ripple-taps-saudi-banking-giant-to-explore-blockchain-under-vision-2030","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6066","title":{"rendered":"Ripple Taps Saudi Banking Giant to Explore Blockchain Under Vision 2030"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_2d5ce1f8754aabd1450d04c1e3ca8ccb\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ripple partnered with Jeel, the innovation arm of Saudi Arabia\u2019s Riyad Bank, to explore blockchain integration within the country\u2019s financial sector.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The collaboration focuses on improving cross-border payments, securing digital asset custody, and implementing tokenisation for more efficient asset management.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This initiative aligns with Saudi Arabia\u2019s Vision 2030 and expands Ripple\u2019s Middle Eastern presence following its recent licensing and stablecoin approvals in the region.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Ripple Labs has officially signed an agreement with Jeel, the innovation arm of Saudi Arabia\u2019s Riyad Bank, to test where blockchain could fit inside the country\u2019s financial system.<\/p>\n<p>Ripple\u2019s Middle East and Africa head Reece Merrick said the partnership will be set up as a memorandum of understanding. Ripple framed the effort as aligned with Saudi Arabia\u2019s Vision 2030 plan to modernise the economy and reduce reliance on oil.<\/p>\n<p>They\u2019re basically looking at three things: First, cross-border payments, so how feasible it would be to send money between countries faster and cheaper; second, digital asset custody, particularly how a bank could safely tokenised assets for customers; and third, tokenisation itself, or turning assets into digital tokens on a blockchain so they can be tracked, transferred, or split into smaller pieces more easily.<\/p>\n<p><strong>Related: Why 2025 Broke Crypto Playbooks\u2014and What Actually Worked<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-ripple-building-a-bigger-presence-in-the-middle-east\">Ripple Building a Bigger Presence in the Middle East<\/h2>\n<p>This matters because Riyad Bank is one of Saudi Arabia\u2019s biggest banks, with over US$130 billion (AU$198.90 billion) in assets. If a bank of that size starts testing blockchain seriously, Ripple probably expects that large institutions in the region will start taking it more seriously, not just crypto startups.<\/p>\n<p>But it also fits Saudi Arabia\u2019s Vision 2030 plan, which is about modernising the economy and financial system and relying less on oil, hence why Ripple is building a bigger Middle East presence around this. It has been based in Dubai\u2019s DIFC since 2020 and says that the office supports about 20% of its customers.\u00a0<\/p>\n<p>Ripple has also been collecting regional partners and approvals, including a Dubai DFSA license in March 2025 and approval in Abu Dhabi for its RLUSD stablecoin.\u00a0<\/p>\n<p>All in all, the goal is to offer bank-friendly blockchain payment rails across the Gulf, where there is a lot of trade and remittance activity.<\/p>\n<p><strong>Read more: CZ Says Governments Are Lining Up to Put State Assets on the Blockchain<\/strong><\/p>\n<\/p><\/div>\n<p>Banking,Blockchain,Ripple#Ripple #Taps #Saudi #Banking #Giant #Explore #Blockchain #Vision1769515535<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple partnered with Jeel, the innovation arm of Saudi Arabia\u2019s Riyad Bank, to explore blockchain integration within the country\u2019s financial sector. The collaboration focuses on improving cross-border payments, securing digital asset custody, and implementing tokenisation for more efficient asset management. This initiative aligns with Saudi Arabia\u2019s Vision 2030 and expands Ripple\u2019s Middle Eastern presence following<\/p>\n","protected":false},"author":1,"featured_media":6067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1269,1056,1839,442,477,1838,1286,1840],"class_list":{"0":"post-6066","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-banking","9":"tag-blockchain","10":"tag-explore","11":"tag-giant","12":"tag-ripple","13":"tag-saudi","14":"tag-taps","15":"tag-vision"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple Taps Saudi Banking Giant to Explore Blockchain Under Vision 2030 - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6066\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Taps Saudi Banking Giant to Explore Blockchain Under Vision 2030\" \/>\n<meta property=\"og:description\" content=\"Ripple partnered with Jeel, the innovation arm of Saudi Arabia\u2019s Riyad Bank, to explore blockchain integration within the country\u2019s financial sector. 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