ARP Digital, a global leader in stablecoin-based infrastructure, has partnered with Bank of Bahrain and Kuwait (BBK) to expand cross-border settlement capabilities. This collaboration aims to improve payments and transfers across key corridors.
Through this strategic partnership, ARP and BBK will implement regulated stablecoin infrastructure. This system allows seamless transfer and conversion between digital assets and fiat currencies. Consequently, businesses and financial institutions can operate more efficiently.
Abdulaziz Kanoo, Co-Founder of ARP Digital, said, “This partnership is about building real-world connectivity.” He added that combining ARP’s settlement infrastructure with BBK’s banking expertise expands access to efficient cross-border rails. This move also increases transparency and the practical use of digital assets.
The partnership between ARP Digital and BBK will also encourage innovation in cross-border remittances. This will allow small and medium enterprises to conduct international transactions with reduced costs. Consequently, the flow of trade and investment across the GCC could increase.
Furthermore, regulators in Bahrain are closely monitoring this initiative. They aim to ensure compliance with anti-money laundering and financial security standards. By doing so, the collaboration maintains trust and reliability in digital settlement systems.
In addition, ARP Digital and BBK plan to explore future integrations with other financial institutions. This may include connecting to regional and global payment networks. Ultimately, the partnership strengthens the digital settlement ecosystem, benefiting both businesses and consumers.
Moreover, the initiative aligns with ARP Digital’s global strategy to form interoperable settlement networks. These networks bridge traditional financial institutions with digital assets. As a result, cross-border transactions become faster, more secure, and cost-effective.
The partnership demonstrates Bahrain’s growing role in digital finance innovation. It also highlights the importance of collaboration between fintech companies and conventional banks. By adopting stablecoin-based solutions, financial systems can modernize while maintaining regulatory compliance.
This development is expected to benefit multiple sectors, including trade, remittances, and investment. Both ARP Digital and BBK will continue exploring opportunities to scale the infrastructure regionally. The partnership sets a benchmark for future digital settlement collaborations in the GCC.
