Ripple Teams Up with Jeel Movement of Riyad Bank

Ripple partners with Jeel Movement of $130B Riyad Bank to explore real-world blockchain use cases in Saudi Arabia.

Aurelien Sage January 26, 2026 - 7:30 PM

Ripple Jeel Movement partnership for blockchain innovation in Saudi Arabia

News

Ripple partners with Riyad Bank’s Jeel Movement.
Aim to explore innovative blockchain applications.
Strengthens Ripple’s presence in Saudi Arabia.

Ripple has announced a promising partnership with Jeel Movement, the innovation arm of Riyad Bank, one of Saudi Arabia’s largest financial institutions with $130 billion in assets. This collaboration is set to explore practical blockchain use cases, signaling Ripple’s deeper push into the Middle Eastern financial sector.

Riyad Bank, a leading banking player in the Kingdom, launched Jeel Movement as a future-focused initiative to drive innovation in fintech and digital transformation. By teaming up with Ripple, a blockchain-based payments leader, the partnership aims to examine how blockchain can streamline operations, boost financial inclusivity, and enhance cross-border transactions.

This move comes at a time when Saudi Arabia is accelerating its Vision 2030 plans to digitize its economy and reduce dependence on oil. Partnering with a global blockchain firm like Ripple aligns with that strategy, offering a modern and efficient way to reimagine traditional banking infrastructure.

Exploring Blockchain’s Real-World Potential

The Ripple Jeel Movement partnership will dive into real-world blockchain applications, not just theoretical discussions. Likely areas of interest include payment solutions, compliance tools, and digital identity systems.

Ripple’s blockchain technology has already been adopted by banks and financial institutions around the world. With its track record of enabling faster and cheaper international payments, the partnership may pave the way for improved remittance services in the region — a critical service in a country with a large expatriate workforce.

Though specific projects have not been publicly outlined yet, this strategic alliance could become a model for other banks in the region considering blockchain integration.

🔥 JUST IN: Ripple is partnering with Jeel Movement, the innovation arm of $130B Riyad Bank, to explore blockchain use cases. pic.twitter.com/3xh1kpLpCv
— Cointelegraph (@Cointelegraph) January 26, 2026

Ripple Expands Its Global Reach

This collaboration is another sign of Ripple’s ongoing expansion despite legal and regulatory challenges in the United States. The Middle East, particularly the Gulf region, has been increasingly open to blockchain and crypto innovation. By building strong local partnerships like this one, Ripple is positioning itself as a long-term player in the region’s financial future.

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