Ripple signs MOU with Riyad Bank innovation arm Jeel to test blockchain use cases in Saudi Arabia
Jeel, the innovation subsidiary of Riyad Bank, will partner with Ripple to explore payments, custody and tokenization inside a regulated sandbox.
Ripple — described in reports as the RLUSD stablecoin issuer — has signed a memorandum of understanding with Jeel, the innovation unit of Riyad Bank, to explore blockchain applications within Saudi Arabia’s financial infrastructure [1][2][4].
The collaboration will focus on cross-border payments, custody solutions and tokenization, with testing to occur inside Jeel’s regulatory sandbox to align with Saudi Arabia’s Vision 2030 digital transformation goals [2][4].
Ripple said it is committed to demonstrating how its enterprise-grade digital asset technology can unlock efficiencies in areas such as cross-border payments and support Saudi Arabia’s ambition to build a competitive fintech ecosystem, a point highlighted by Ripple representatives in coverage of the deal [1].
The agreement gives Ripple strategic access to a regulated Saudi fintech environment where its technologies can be showcased and tested, while Jeel advances the kingdom’s exploration of blockchain-enabled financial services [2][3].
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Citations
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- 1Ripple signs MOU with Riyad Bank's innovation subsidiary for Saudi Arabia use casesCryptopolitan• Jan 26, 2026
- 2Jeel and Ripple Partner to Advance Blockchain Innovation in Saudi Financial ServicesBlockonomi• Jan 26, 2026
- 3Jeel Partners With Ripple to Test Blockchain Payments and Digital Asset Use Cases in Saudi ArabiaDeFi Planet• Jan 26, 2026
- 4Riyad Bank’s Jeel Partners With Ripple to Advance Blockchain Payments and TokenizationCryptoNews• Jan 26, 2026
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