24 Nov
24Nov

BlackRock, a leading global asset manager, recently held its first board meeting in Abu Dhabi, a move that signifies its heightened focus on the United Arab Emirates (UAE) and the wider Middle East region.

This development, which included high-level engagement with UAE royalty and BlackRock CEO Larry Fink, centered on themes like artificial intelligence (AI), advanced technologies, and the future of global investments.

Ripple executive Reece Merrick suggested that BlackRock's increased attention on Abu Dhabi could create more business avenues for Ripple.

Ripple's Deep Roots in the MENA Region

  • Strategic Focus: Ripple has long considered the Middle East and North Africa (MENA) vital due to its large remittance corridors.
  • Expansion: By 2021, RippleNet was already experiencing strong transaction volume growth in the area.
  • Physical Presence: The company established its MEA regional office in the Dubai International Financial Centre (DIFC), expanded its physical presence in Dubai in 2023, and even hosted its annual "Swell" event there.
  • Regulatory Milestone: In March 2025, Ripple secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments within the DIFC.

Conclusion

BlackRock's strategic move aligns with Abu Dhabi's goal of becoming a global hub for innovation and finance. This environment, combined with Ripple's established history, growing transaction volume, regulatory licensing, and physical expansion in the UAE, suggests that the region is poised to become an increasingly critical market for Ripple's business, potentially benefiting from BlackRock’s deeper engagement.

November 2025, Cryptoniteuae

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