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- Ripple joins forces with Bahrain Fintech Bay to boost blockchain pilots, talent programs, and fintech innovation in the Kingdom.
- Partnership focuses on cross-border payments, stablecoins, and tokenization while expanding its presence in Middle East finance.
Ripple has announced a new partnership with Bahrain FinTech Bay, marking a major step in the company’s expansion across the Middle East. The collaboration aims to strengthen Bahrain’s position in blockchain innovation and digital asset adoption through pilot projects and education programs.
This partnership will help drive blockchain-based cross-border payment systems, stablecoin integration, and tokenization projects in Bahrain’s financial sector. Under this initiative, Ripple will introduce its RLUSD stablecoin and custody solutions to local banks and financial institutions.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, stated that the country’s early adoption of blockchain has created the right conditions for this collaboration. He noted,
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 (RLUSD) to Bahrain’s financial institutions.
Big news: @Ripple is expanding into the Kingdom of Bahrain! 🇧🇭
Through our new partnership with @FinTechBay we will drive adoption and education around blockchain, as well as support pilot projects across Bahrain’s digital asset ecosystem.
This move builds on Ripple’s growing…
— Reece Merrick (@reece_merrick) October 9, 2025
Ripple launches Blockchain Initiatives with FinTech Bay
This move follows Ripple’s growing regional footprint. Earlier in 2025, the company became the first blockchain-based payment provider to secure a license from Dubai’s DFSA. The comapny already operates more than 60 licensed entities worldwide and has now added Bahrain to its growing list of regulated markets.
Suzy Al Zeerah, Chief Operating Officer of Bahrain FinTech Bay, said,
Together, we’re building the future of finance in Bahrain.
She stressed that Ripple’s arrival will help connect global fintech expertise with local development programs.
This collaboration includes accelerator programs, workshops, and joint participation in ecosystem events. The goal is to link global companies with Bahrain’s growing pool of fintech talent and investors exploring blockchain opportunities.
Ripple Joins Global Fintech Forward 2025 in Bahrain
Ripple is also taking part in FinTech Forward 2025, hosted by Economist Impact in Sakhir, Bahrain, from October 8 to 9. The event brings together global regulators, fintech executives, and banking leaders to discuss how the financial system is evolving with digital assets and tokenized payments.
Beyond Bahrain, Ripple is expanding its presence in the Middle East with new partnerships in Dubai. The company recently teamed up with Ctrl Alt to launch a project that uses the XRP Ledger to digitize real estate transactions. The initiative brings property transfers onto the blockchain, creating a transparent and verifiable process for real estate ownership.
It also expanded into Africa through partnership with Chipper Cash, VALR, and Yellow Card to launch settlement systems that use RLUSD across the continent. In Europe, Luxembourg has become the main hub for offering RLUSD to institutional clients under the EU’s MiCA regulations.
At present, the company’s token, XRP, is trading at $2.80, reflecting a 2.13% decline in the past 24 hours. The token has fluctuated between $2.83 and $3.09 over the week, standing roughly 22% below its July high of $3.65.
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