Dubai is cementing its role as a leading crypto-friendly hub through strategic collaborations with major blockchain firms.
This agreement is designed to promote collaboration between blockchain developers and local regulators.
Under the deal, both parties will organize educational events, build talent pipelines, and share insights on blockchain’s economic impact.
The initiative also includes support for the Dubai Solana Economic Zone, a new hub to drive local Web3 innovation.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said interest in digital asset payments and custody is growing fast across the region. He added:
“We’re seeing huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions. The UAE’s digital economy is vibrant and incredibly dynamic, and we’re looking forward to working with our regional partners.”
