Techub News reports that Ripple has partnered with Jeel, the innovation arm of Riyad Bank, a major financial institution in Saudi Arabia, and will sign a memorandum of understanding to jointly explore the application of blockchain technology in the Saudi financial system. The cooperation focuses on cross-border payments, digital asset custody, and asset tokenization, aiming to support Saudi Arabia's "Vision 2030" economic transformation strategy. Riyad Bank is one of the largest banks in Saudi Arabia, with assets exceeding $130 billion by mid-2025.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Techub News reports that Ripple has partnered with Jeel, the innovation arm of Riyad Bank, a major financial institution in Saudi Arabia, and will sign a memorandum of understanding to jointly explore the application of blockchain technology in the Saudi financial system. The cooperation focuses on cross-border payments, digital asset custody, and asset tokenization, aiming to support Saudi Arabia's "Vision 2030" economic transformation strategy. Riyad Bank is one of the largest banks in Saudi Arabia, with assets exceeding $130 billion by mid-2025.