Ripple Expands into Bahrain through Partnership with Bahrain Fintech Bay
Global digital asset infrastructure leader Ripple has officially expanded its presence in the Middle East through a strategic partnership with Bahrain Fintech Bay (BFB), the Kingdom's premier fintech hub.
This move follows the acquisition of a regulatory license from Dubai's DFSA earlier this year, marking Ripple's latest milestone in the region.
- Bahrain Fintech Bay will collaborate with Ripple to support the Kingdom's growing digital assets ecosystem.
- The partnership aims to drive proof-of-concept initiatives, pilot projects, and showcase Ripple's blockchain solutions.
- Key areas of focus include cross-border payments, tokenisation, stablecoins, and digital asset custody.
Ripple's expansion into Bahrain is a significant step in the company's Middle East growth strategy.
Ripple's partnership with Bahrain Fintech Bay is expected to drive innovation and growth in the region's digital assets ecosystem.
Author's summary: Ripple partners with Bahrain Fintech Bay to expand in Middle East.