Breaking: Ripple Partners With Bahrain’s Fintech Bay in Push for RLUSD Adoption

Michael Adeleke
3 hours ago
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Ripple strengthens its Middle East footprint through a new partnership with Bahrain Fintech Bay, focusing on digital payments, RLUSD, and tokenization.

Highlights

  • Ripple announced a strategic partnership with BFB to drive blockchain innovation in the Gulf region.
  • The collaboration will include pilot programs, and more to strengthen Bahrain’s role as a fintech hub.
  • Ripple also plans to introduce its RLUSD stablecoin and digital custody services to Bahraini institutions

Ripple has announced a new partnership with Bahrain’s Fintech Bay (BFB). This initiative seeks to promote the company’s offerings throughout the Gulf region, including digital asset innovation and payments powered by RLUSD.

Ripple Strengthens Presence in Bahrain

In a recent release, Ripple shared that it will jointly explore blockchain use cases with Fintech Bay in the Middle East. They intend to run pilot projects and foster fintech innovation through educational initiatives, accelerator programs, and ecosystem events. 

The effort is expected to help develop the country’s digital finance landscape by promoting the use of blockchain-based cross-border payments, tokenization, stablecoins, and other financial technologies.

“The Kingdom of Bahrain has been an early mover in blockchain regulation and digital assets,” said Reece Merrick, the company’s Managing Director for the Middle East and Africa. “We’re excited to work with Fintech Bay to strengthen the local ecosystem and, over time, bring our digital asset custody and RLUSD stablecoin solutions to financial institutions across the country.”

Echoing the sentiment, Suzy Al Zeerah, COO of Bahrain Fintech Bay, said the partnership highlights the country’s growing role as a fintech powerhouse. 

“This collaboration with Ripple will help bridge global innovators with the Bahraini market, supporting pilot projects, talent development, and the introduction of new blockchain-based solutions that will shape the future of finance,” she noted.

It is also worth noting that the company currently holds over 60 regulatory licenses and registrations worldwide. This includes an approval from Dubai’s DFSA in March 2025.

The firm will also participate in Fintech Forward 2025. This is an Economist Impact event hosted in Sakhir, Bahrain, on October 8–9, which brings together regulators, fintech companies, and banking leaders to discuss the evolution of the global financial industry

Ripple’s Expanding Global Footprint

The partnership follows the firm’s ongoing expansion drive across key global markets. 

In Dubai, Ripple has also partnered with Ctrl Alt to revolutionize real estate transactions using the XRP Ledger. The project uses the firm’s system to securely manage property title deeds on a blockchain. This initiative aims to make real estate transactions more clear, efficient, and flexible.

Furthermore, last month, the company announced plans to bring RLUSD to Africa.They announced partnerships with payment platforms such as Chipper Cash, VALR, and Yellow Card.

In Europe, the company is using Luxembourg as its launchpad for the entry of RLUSD into the EU market under the bloc’s new MiCA regulatory framework. The company plans to establish RLUSD as a completely compliant settlement option for institutional clients through Ripple Payments Europe SA.

 The partnership is a logical step forward for Bahrain’s blockchain aspirations. The nation was one of the first in the world to regulate cryptocurrency. As a result, they have kept drawing big players looking for market access and regulatory clarity in the Middle East.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.