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.

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