Ripple partners with Bahrain Fintech Bay to boost digital asset innovation

Ripple has formed a strategic partnership with Bahrain Fintech Bay, the leading fintech hub in Bahrain, to enhance the digital asset and blockchain ecosystem in the region. This collaboration involves a focus on pilot projects, educational initiatives, and various events to promote blockchain adoption. Ripple aims to support Bahrain in advancing its blockchain infrastructure and plans to introduce its digital asset custody solution and Ripple USD stablecoin to local institutions pending regulatory approval. The COO of Bahrain Fintech Bay highlighted the Kingdom's emergence as a digital finance center, aligning with the collaboration’s goals. Ripple's involvement will showcase practical blockchain applications, including cross-border payments and tokenization. This partnership comes after Ripple's recent regulatory successes, including securing a license to offer regulated crypto payments in Dubai and acquiring prime broker Hidden Road for $1.25 billion.

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