DIFC and Ripple Collaborate to Accelerate UAE's Blockchain and Digital Asset Adoption

Ripple, a leading enterprise in blockchain and crypto solutions, has announced a strategic partnership with the DIFC Innovation Hub, the innovation ecosystem of the Dubai International Financial Centre (DIFC), to accelerate blockchain and digital asset innovation in the UAE.

This collaboration aims to connect the next generation of developers with the DIFC Innovation Hub, the largest innovation community in the region, home to over 1,000 tech firms, innovation companies, digital labs, venture capital firms, regulators, and educational entities.

The partnership seeks to drive blockchain and crypto adoption among early-stage companies and scale-ups and introduce the technology to traditional large strategic institutions.

Arif Amiri, CEO of DIFC Authority, highlighted that this collaboration cements DIFC’s role as a global hub for talent, technology, and innovation, supported by a world-class regulatory framework.

Brad Garlinghouse, Ripple CEO, praised the UAE for its advanced regulatory clarity for virtual asset services, fostering an environment conducive to financial innovation. This partnership is set to enhance the UAE's position as a leader in blockchain and digital asset technologies, promoting future financial innovations.

News Source: Emirates News Agency