{"id":67175,"date":"2026-01-28T16:40:55","date_gmt":"2026-01-28T16:40:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripple-partners-with-riyad-banks-jeel-to-explore-blockchain-in-saudi-arabia\/"},"modified":"2026-01-28T16:40:55","modified_gmt":"2026-01-28T16:40:55","slug":"ripple-partners-with-riyad-banks-jeel-to-explore-blockchain-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripple-partners-with-riyad-banks-jeel-to-explore-blockchain-in-saudi-arabia\/","title":{"rendered":"Ripple partners with Riyad Bank\u2019s Jeel to explore blockchain in Saudi Arabia"},"content":{"rendered":"

(Originally posted on : XRP News, Latest Stories & Analysis | Invezz )<\/b>
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Ripple, the global blockchain and digital payment company, has announced a strategic partnership with Jeel, the innovation arm of Riyad Bank in Saudi Arabia.<\/p>\n

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More big news from the Middle East! <\/span>@Ripple<\/a> is partnering with <\/span>@Jeelmovement<\/a>, the innovation arm of <\/span>@RiyadBank<\/a>, to advance Saudi Arabia\u2019s financial future through blockchain innovation \ud83c\uddf8\ud83c\udde6
\nThe Kingdom\u2019s visionary leadership has established Saudi Arabia as a forward-thinking <\/span><\/p>\n

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The collaboration aims to explore blockchain technology to enhance the Kingdom\u2019s financial infrastructure.<\/p>\n

While the news has done little to change the bearish XRP market sentiment<\/a>, it has added some positive impetus to the overlay bearish market.<\/p>\n

Exploring blockchain use cases in Saudi Arabia<\/h2>\n


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Through this partnership, Ripple and Jeel will focus on practical blockchain applications.<\/p>\n

One of the primary objectives is to improve cross-border payment processes.<\/p>\n

Blockchain technology has the potential to make these transactions faster, more transparent, and cost-efficient.<\/p>\n

In addition, the collaboration will explore solutions for digital asset custody.<\/p>\n

This involves developing secure and compliant ways to manage digital assets.<\/p>\n

Another key area of focus is tokenisation, which allows the digitisation of financial assets.<\/p>\n

By tokenising assets, financial services can become more efficient and accessible.<\/p>\n

These initiatives will be tested in Jeel\u2019s regulatory sandbox, ensuring compliance with Saudi financial regulations.<\/p>\n

The sandbox environment allows innovative solutions to be trialled in a controlled and supervised setting.<\/p>\n

This ensures that new blockchain applications meet local regulatory standards while promoting financial innovation.<\/p>\n

Alignment with Saudi Arabia\u2019s Vision 2030<\/h2>\n


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The partnership is closely aligned with Saudi Arabia\u2019s Vision 2030 agenda<\/a>.<\/p>\n

Vision 2030 aims to diversify the economy and modernise the financial sector.<\/p>\n

By embracing blockchain technology, the Kingdom can strengthen its financial infrastructure.<\/p>\n

Ripple\u2019s collaboration with Jeel is part of a broader effort to position Saudi Arabia as a forward-thinking financial hub.<\/p>\n

Reece Merrick, Ripple\u2019s executive, emphasised that the partnership will help shape the future of the Kingdom\u2019s financial ecosystem. <\/p>\n

He highlighted the importance of exploring cross-border payments, digital asset custody, and tokenisation to support the Vision 2030 goals.<\/p>\n

The initiative also reflects the leadership\u2019s commitment to digital transformation.<\/p>\n

Saudi Arabia has made significant investments in innovation and fintech to attract global talent and investment.<\/p>\n

By partnering with Jeel, Ripple gains direct access to the Kingdom\u2019s innovation platforms.<\/p>\n

This allows Ripple to test new solutions while benefiting from local expertise and regulatory guidance.<\/p>\n

The collaboration also strengthens Ripple\u2019s presence in the Middle East.<\/p>\n

The region has increasingly embraced blockchain technology for financial services.<\/p>\n

By combining Ripple\u2019s global blockchain experience with Jeel\u2019s local innovation capabilities, the partnership has strong potential to deliver tangible results.<\/p>\n

Saudi Arabia is now positioned to lead in the adoption of blockchain-based financial solutions.<\/p>\n

The partnership sets a precedent for collaboration between international fintech firms and local financial institutions.<\/p>\n

It demonstrates how blockchain innovation can support economic growth and modernisation.<\/p>\n

As Ripple and Jeel move forward, the Kingdom could see faster, more secure, and more efficient financial services.<\/p>\n<\/p><\/div>\n