Ripple Expands in Saudi Arabia with Riyad Bank Innovation Arm

Published by

Sohrab Khawas

January 26, 2026

Ripple Expands in Saudi Arabia with Riyad Bank Innovation Arm

Ripple has entered a partnership with Jeel Movement, the digital innovation arm of Riyad Bank, to support the use of blockchain technology in Saudi Arabia’s financial system. The collaboration will explore cross-border payments, digital asset custody, and tokenization. Announced by Ripple’s Reece Merrick, the deal aligns with Saudi Arabia’s Vision 2030 strategy to modernize finance and grow fintech adoption. Riyad Bank, managing $130 billion in assets, launched Jeel in 2023 to accelerate digital innovation.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Ripple (XRP)