{"id":69437,"date":"2026-01-27T02:01:31","date_gmt":"2026-01-27T02:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=69437"},"modified":"2026-01-27T02:01:31","modified_gmt":"2026-01-27T02:01:31","slug":"ripple-links-up-with-130-billion-riyad-banks-innovation-arm-jeel","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=69437","title":{"rendered":"Ripple Links Up With $130 Billion Riyad Bank\u2019s Innovation Arm Jeel"},"content":{"rendered":"
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Ripple has signed a partnership with Jeel, the innovation and technology arm of Riyad Bank, to explore blockchain applications across cross-border payments, digital asset custody, and tokenization in Saudi Arabia. The collaboration positions Ripple inside a regulated testing environment as the Kingdom accelerates its Vision 2030 digital transformation agenda.<\/p>\n

Ripple Expands In Saudi With Riyad Bank<\/h2>\n

Jeel announced<\/a> the tie-up on X: \u201cWe are pleased to announce in Jil our partnership with Ripple to explore advanced applications aimed at enhancing the speed and efficiency of payments. This partnership focuses on studying use cases for the custody of digital assets, alongside developing prototypes within Jil\u2019s regulatory sandbox, in support of the objectives of Vision 2030.\u201d<\/p>\n

In a press release<\/a> dated January 26, 2026, Jeel said the partnership will evaluate how blockchain can improve the \u201cspeed, cost efficiency, and transparency of cross-border payments,\u201d while also exploring digital asset custody and tokenization use cases. The firms plan to develop proofs-of-concept within Jeel\u2019s sandbox to test Ripple\u2019s technologies \u201cin a controlled, compliant environment,\u201d with an emphasis on scalable and interoperable infrastructure for financial services across the Kingdom.<\/p>\n

Jeel CEO George Harrak positioned the sandbox as the core mechanism for turning blockchain concepts into regulated experimentation. \u201cThis partnership with Ripple reflects our strategy of using the Jeel Sandbox to responsibly explore next-generation financial infrastructure,\u201d Harrak said. \u201cBy combining regulated experimentation with global blockchain expertise, we are building the foundations to evaluate scalable use cases that enhance cross-border payments and digital asset capabilities in line with the Kingdom\u2019s long-term digital ambitions.\u201d<\/p>\n

Ripple\u2019s Managing Director for the Middle East and Africa, Reece Merrick, described the work as an effort to integrate enterprise blockchain into Saudi financial architecture, explicitly tying it to the Vision 2030 roadmap.<\/p>\n

\u201cSaudi Arabia\u2019s visionary leadership<\/a> has established the Kingdom as a forward-thinking global hub for digital transformation,\u201d Merrick said. \u201cIt is against this progressive backdrop that Ripple has signed an MOU with Jeel to explore integrating secure, efficient blockchain solutions into the national financial architecture. We are committed to demonstrating how Ripple\u2019s enterprise-grade digital assets technology can unlock significant efficiencies in areas like cross-border payments, aligning directly with Saudi Arabia\u2019s goal of building a world-leading, competitive fintech ecosystem.\u201d<\/p>\n

Merrick echoed that messaging in a separate post, saying the partners will explore use cases spanning \u201ccross-border payments, digital asset custody<\/a>, and tokenization<\/a>,\u201d and adding that he is \u201cexcited to help shape the future of Saudi Arabia\u2019s financial infrastructure.\u201d<\/p>\n

For Jeel, the partnership is pitched as a step beyond conventional fintech acceleration into \u201cregulated blockchain experimentation,\u201d extending its innovation mandate while supporting Riyad Bank\u2019s ambitions to evaluate next-generation digital financial services. For Ripple, Jeel\u2019s sandbox and institutional network offer a pathway into the Kingdom\u2019s fast-growing fintech landscape, with the press release noting that the arrangement creates a venue to showcase Ripple\u2019s infrastructure in a \u201chighly regulated and innovation-driven environment.\u201d<\/p>\n

At press time, XRP traded at $1.90.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple has signed a partnership with Jeel, the innovation and technology arm of Riyad Bank, to explore blockchain applications across cross-border payments, digital asset custody, and tokenization in Saudi Arabia. The collaboration positions Ripple inside a regulated testing environment as the Kingdom accelerates its Vision 2030 digital transformation agenda. Ripple Expands In Saudi With Riyad […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-69437","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69437"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69437\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}