Ripple has entered a strategic partnership with Jeel Movement, the innovation arm of Riyad Bank in Saudi Arabia, marking a significant step in extending its blockchain infrastructure into the Middle East.
Under the agreement announced on January 26, 2026, the collaboration will explore how distributed ledger technology can be applied within Saudi Arabia’s financial sector. Key areas of focus include cross border payments, digital asset custody, and tokenization of assets—all aimed at improving speed, transparency, and cost efficiency in financial services.
The partnership aligns with Saudi Arabia’s Vision 2030 initiative, which seeks to modernize the Kingdom’s financial infrastructure and accelerate digital innovation. By working with Jeel’s innovation unit and its regulatory sandbox, Ripple gains access to a controlled environment for testing blockchain solutions within local compliance frameworks.
Industry observers see this move as part of a broader push by major Saudi financial institutions to adopt enterprise grade blockchain technology, positioning Ripple as a key partner in driving financial modernization across the region.
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