Saudi Riyad Bank partnership explores Ripple rlUSD use in Gulf fintech infrastructure

Saudi Arabia’s growing interest in blockchain payments is drawing global players, with Ripple rlUSD now entering the conversation around future digital rails.

Ripple signs exploratory MoU with Riyad Bank subsidiary

Ripple, issuer of the RLUSD stablecoin, has signed a memorandum of understanding with Riyad Bank‘s innovation subsidiary to explore blockchain use cases within Saudi Arabia’s financial infrastructure, the company confirmed. The move targets potential applications across the Kingdom’s payment systems, including cross-border flows and tokenized settlement.

The agreement will examine how Ripple’s enterprise-grade blockchain and digital asset stack could enhance cross-border payments and other financial services. However, the parties emphasized that this is an exploratory phase, with no final production roadmap or launch schedule disclosed yet.

Riyad Bank, among the largest financial institutions in Saudi Arabia, has been building out its digital innovation agenda through a specialized subsidiary focused on new technologies. Moreover, the bank is positioning itself to plug into the Kingdom’s long-term vision for a more competitive and modern financial system.

Saudi fintech ambitions and tokenized payment rails

The partnership aligns with Saudi Arabia‘s broader strategy to develop a leading fintech sector and experiment with tokenized payment rails. Policymakers in Riyadh have been encouraging banks and financial institutions to work with global technology providers, while remaining within local regulatory standards and oversight.

That said, the memorandum of understanding does not yet specify which parts of Saudi infrastructure might adopt Ripple’s technology. Instead, it sets out a framework for ongoing evaluation, testing, and dialogue between the parties and, where relevant, domestic regulators.

The companies highlighted that any eventual deployment would need to complement existing systems and comply with Saudi rules on payments, remittances, and digital assets. Moreover, the MoU leaves room for potential pilots around institutional use cases before any broader rollout.

Ripple RLUSD strategy in the Gulf region

Ripple has been steadily expanding its presence across the Gulf, embedding its payment stack and RLUSD stablecoin with regional banks and authorities. The company already holds approvals for RLUSD in Dubai and Abu Dhabi, positioning the asset within two of the Middle East’s most active digital asset hubs.

Within this regional push, the ripple rlusd framework serves as a core building block for on-chain liquidity, settlement, and cross-border payment corridors. However, the Saudi MoU remains focused on research and collaboration rather than immediate commercial launches or consumer-facing products.

Ripple has long pursued partnerships with banks, payment providers, and fintechs worldwide to drive adoption of its blockchain-based solutions. Moreover, RLUSD sits within a broader digital asset infrastructure offering that aims to connect traditional institutions to tokenized money and real-time settlement rails.

Next steps and outlook for the Saudi collaboration

The memorandum of understanding marks the start of a structured evaluation period rather than a definitive deployment plan. According to the announcement, concrete implementation details will be developed only as the collaboration progresses and use cases are validated.

However, the alignment with Saudi Arabia’s fintech agenda suggests both parties see strategic value in long-term cooperation. Any eventual integration of Ripple’s technology into Saudi payment flows could reinforce the Kingdom’s ambitions to modernize financial infrastructure and strengthen its position in regional digital finance.

In summary, the Riyad Bank initiative underscores how RLUSD, Ripple’s enterprise solutions, and regional partnerships are converging across the Gulf. While timelines remain undefined, this early-stage collaboration signals another step in the gradual build-out of tokenized rails and cross-border capabilities in Saudi Arabia and beyond.