Bahrain regulated ARP Digital, which holds a category 3 crypto asset service provider license specialized in stablecoin settlement infrastructure, has 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.
As per the announcement, ARP Diigtal will serve as stc Pay’s settlement and digital-asset conversion partner in the GCC, while stc Pay will serve as ARP’s terminating and collection partner across key global corridors. Together, the firms will introduce regulated stablecoin infrastructure that enables regulated settlement and conversion between digital assets and fiat currencies across high-volume corridors.
“This partnership is about building real-world connectivity,” said Abdulaziz Kanoo, co-founder of ARP Digital. “By combining ARP’s regulated settlement infrastructure with stc Pay’s strong regional presence, we are expanding access to efficient cross-border rails that bring the transparency and value of digital assets closer to real economies.”
On LinkedIn ARP Digital noted that they were proud to have officially signed our strategic partnership with stc pay Bahrain during FintechForward 2025, a collaboration that marks a major step in advancing the role of digital assets in the region.
The post stated, “Together with stc pay, one of the region’s most innovative financial institutions, we’re introducing regulated stablecoin settlement infrastructure across key global corridors, enabling faster, more transparent, and compliant cross-border transactions. This partnership represents more than innovation, it’s about building trusted, future-ready financial connectivity for the region and beyond.
Prior to this National Bank of Bahrain which launched over 20 investment products in 2025, partnered with ARP Digital to launch the region’s first capital-guaranteed digital asset product, the Bitcoin Capital Guaranteed Note.
ARP Digital also launched ARP Digital Token Fund a Cayman exempt entity.
STC Pay is regulated by Saudi Arabia’s Central Bank, and offers digital wallet services, payments services among other solutions. Saudi Arabian, stc pay, received approval from the Saudi Central Bank to proceed with its transformation into STC Bank. This beta launch will enable selected users to upgrade their accounts from an stc pay digital wallet into an STC Bank account. They will also be provided an International Bank Account Number and additional banking services, according to a statement.
