Bahrain regulated, ARP Digital, a stablecoin-based settlement infrastructure, has partnered with Bank of Bahrain and Kuwait (BBK), a major banking institution in the GCC to introduce regulated stablecoin infrastructure to enhance cross-border settlement capabilities enabling seamless transfer and conversion between digital assets and fiat currencies.

“This partnership is about building real-world connectivity,” said Abdulaziz Kanoo, Co-Founder of ARP Digital. “By combining ARP’s regulated settlement infrastructure with BBK’s banking expertise, we are expanding access to efficient cross-border rails that bring the transparency and value of digital assets closer to real economies.”

Bank of Bahrain and Kuwait on its LinkedIn page noted that the strategic collaboration aims to explore the use of stablecoins within BBK’s operations and FX transfers, enabling faster, more cost-efficient, transparent, and reliable cross-border payment solutions for individuals and businesses.

‏They also stated that the Memorandum of Understanding would work on establishing globally interconnected payment channels that allow instant settlements, bridging traditional banking systems with modern digital asset technologies and reinforcing Bahrain’s position as a regional financial hub.

Earlier this week ARP Digital partnered with Bahrain stc Pay, a leading digital financial services brand, and subsidiary of Saudi stc Pay, regulated by the Central Bank of Saudi Arabia.