Ripple Teams Up With Saudi Bank’s Jeel to Test Faster Blockchain Payments in Regulated Sandbox
Key Takeaways:Ripple and Jeel Formalize Blockchain CollaborationCross-Border Payments Take PriorityDigital Asset Custody Under Review
Beyond payments, the partnership will also assess digital asset custody frameworks. Jeel said part of the work includes studying how institutions can securely store and manage blockchain-based assets.
Custody remains a major barrier for banks to join digital asset services. Experiments in the sandbox environment will focus on authorization controls, operation protection and system resilience. All progress depends on strict legal compliance.
The tokenization models are also under consideration at an early stage. These models can support the blockchain-based representations of traditional assets in the long term but only when they fully meet the standards on performance and regulation compliance.
About Author
