Riyad Bank's Jeel Collaborates with Ripple for Blockchain Financial Services in Saudi Arabia

Jeel, the innovation division of Riyad Bank, has announced a partnership with Ripple to advance blockchain-based financial services in Saudi Arabia. According to NS3.AI, the collaboration will focus on cross-border payments, digital asset custody, and tokenization. The initiative includes proof-of-concept projects within Jeel's regulatory sandbox to ensure compliance with blockchain innovation standards. This strategic alliance aims to bolster Saudi Arabia's standing as a regional leader in fintech and digital financial infrastructure.