Overview
- The collaboration centers on cross-border payments, targeting faster settlement, lower costs, and greater transparency for institutional corridors.
- All work will occur inside Jeel’s regulatory sandbox as the partners build proofs of concept to assess compliance, security, scalability, and interoperability.
- The scope includes evaluating frameworks for digital asset custody and early-stage tokenization of real-world and financial assets.
- The agreement aligns with Saudi Arabia’s Vision 2030 goals and gives Ripple structured access to the Kingdom’s fintech ecosystem for supervised trials.
- Some reports indicate Ripple’s RLUSD stablecoin could be assessed as part of the sandbox work, but no live deployments or timelines have been announced.