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RIPPLE SCORES RIYAD BANK PARTNERSHIP
🇸🇦 Ripple just partnered with Riyad Bank's innovation unit Jeel to test blockchain for cross-border payments, digital asset custody & tokenization in Saudi Arabia.
This MoU directly backs Vision 2030’s financial modernization goals. Riyad Bank manages $130B+ in assets. Ripple’s ME push continues to gain momentum, with $RLUSD now at ~$1.42B in circulation & $XRP Ledger tokenized assets >$1B.
This reflects a broader global trend of banks and asset managers exploring tokenization for efficiency in capital markets. In the Middle East, clearer regulations (especially in UAE/Dubai) are accelerating innovation. 🌐