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Ripple Taps Bahrain Fintech Bay to Launch RLUSD and Custody Tools
Last Updated: October 10, 2025
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Key Takeaways
- Ripple has partnered with Bahrain Fintech Bay to support the country’s digital finance efforts, including pilots in stablecoins and tokenization;
- The company plans to introduce its RLUSD stablecoin and digital asset custody services to Bahrain’s banks and financial firms;
- BFB aims to connect global firms like Ripple with the local financial ecosystem for innovation and growth.
Ripple, the company behind the XRP
The agreement, announced on October 9, brings together Ripple and BFB to work on improving Bahrain’s digital finance framework.
Their efforts will include testing new ideas and launching trial programs in areas such as cross-border money transfers, stable digital currencies, and asset tokenization.
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Ripple’s regional head, Reece Merrick, stated that the company plans to introduce both its digital asset custody service and its US dollar-backed stablecoin, RLUSD, to banks and other financial entities in Bahrain. These tools are meant to support secure asset management and enable stable, blockchain-based transactions.
Suzy Al Zeerah, BFB’s chief operating officer, highlighted Bahrain’s reputation as a long-standing financial center. She noted that the partnership with Ripple will help bring international financial technology into the local market.
BFB, established in 2018, plays a central role in Bahrain’s fintech ecosystem. It was created through a joint effort involving the Bahrain Economic Development Board and the FinTech Consortium.
Since its founding, BFB has worked closely with the Central Bank of Bahrain (CBB) to support the adoption of financial innovations.
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