Ripple (XRP) is expanding its global reach once again, this time entering the Kingdom of Bahrain through a new partnership with Bahrain Fintech Bay (BFB). At the same time, new data shows that corporate XRP treasuries have climbed above $11.5 billion following a fresh purchase from Reliance Global.
Ripple Expands Into Bahrain, Strengthening Its Middle East Presence
According to the press release, Ripple has entered the Kingdom of Bahrain through a new partnership with Bahrain Fintech Bay (BFB), the country’s leading fintech incubator and ecosystem builder. Ripple and Bahrain Fintech Bay plan to run accelerator activities and take part in local events to boost blockchain innovation across the country.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said Bahrain was one of the first jurisdictions in the world to regulate crypto assets. According to Merrick, Ripple aims to help strengthen the local blockchain industry in Bahrain and eventually introduce its custody solution and Ripple USD (RLUSD) stablecoin to financial institutions in the country. Suzy Al Zeerah, Chief Operating Officer at Bahrain Fintech Bay, described the collaboration as a key step in connecting global innovators with Bahrain’s financial ecosystem.
Ripple currently holds more than 60 regulatory licenses and registrations worldwide, including its DFSA license from March 2025, making it the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority.
Ripple is taking part in Fintech Forward 2025 in Sakhir on October 8 and 9, an event organized by Economist Impact that will bring together key players from banking, fintech, and government.
XRP Treasuries Cross $11.5 Billion as Corporate Adoption Surges
Corporate interest in XRP continues to rise as large firms add the token to their balance sheets. According to corporate disclosures compiled by Crypto Treasury Tracker, combined XRP holdings across institutions in the U.S. and Japan now total more than $11.5 billion, showing a significant rise in blockchain-based asset adoption. The growth follows Reliance Global’s purchase of $17 million in XRP, which the company disclosed in a filing with the SEC on September 30, 2025.
SBI Holdings leads global XRP holdings with around $10.4 billion in reserves. Other notable corporate treasuries include Trident Digital, which plans to raise $500 million for XRP reserves, and Webus International, which filed with the SEC for a $300 million XRP-focused treasury. In Japan, Gumi Inc. allocated $13.5 million of its $38 million raise to XRP under its Digital Asset Treasury initiative, while VivoPower added $19 million to its holdings.
Companies are turning to XRP for its fast settlement time, low transaction cost, and ability to improve cross-border liquidity. Adding to the momentum, a well-known finance bull on X shared that Ripple won “Best Initiative with Digital Currencies” at the PAY360 Awards, calling it a significant recognition of XRP’s real-world utility.
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