Ripple has entered into a partnership with Bahrain Fintech Bay to support the growth of blockchain and digital asset adoption in Bahrain. BFB is a fintech incubator in the Kingdom, working with government and private sector stakeholders to develop the local financial technology ecosystem.
Ripple, BFB Launch Fintech Pilot Projects
“At Ripple we look forward to working with Bahrain Fintech Bay to continue laying the foundations for a thriving local blockchain industry, as well as ultimately offering our digital assets custody solution and stablecoin Ripple USD to Bahrain’s financial institutions,” said Reece Merrick, Managing Director for Middle East and Africa at Ripple.
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Under the agreement, Ripple and BFB will collaborate on a series of initiatives aimed at strengthening Bahrain’s digital assets sector. These include developing proofs-of-concept and pilot projects related to blockchain, cross-border payments, digital assets, stablecoins, and tokenization.
The partnership will also involve educational programs, accelerator initiatives, and participation in industry events to promote collaboration and innovation.
“Together, we are delivering on our goal of enhancing fintech innovation in the region,” said Suzy Al Zeerah, Chief Operating Officer at Bahrain Fintech Bay.
???? BREAKING: Ripple expands into Bahrain through a strategic partnership with FinTechBay to accelerate blockchain adoption and launch digital asset pilot projects.The Gulf is emerging as a key hub for the new financial era, with Ripple leading the way. ⚡???? pic.twitter.com/zKuCoDyRVO
— John Squire (@TheCryptoSquire) October 9, 2025
Ripple Holds Over 60 Global Licenses
Ripple has operated in the digital asset industry for more than ten years. The company holds over 60 regulatory licenses worldwide, including one from the Dubai Financial Services Authority (DFSA) granted in March 2025. This made Ripple the first blockchain-based payments provider to receive DFSA approval.
This article was written by Tareq Sikder at www.financemagnates.com.
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