According to Ripple, the new Dubai International Financial Centre headquarters could support up to a doubling of its local team as DFSA licensing and RLUSD approval boost demand for compliant blockchain payments and custody services.
Ripple announced that it has opened a new Middle East and Africa regional headquarters in Dubai International Financial Centre, expanding its presence in the UAE and increasing capacity to grow regional operations. According to the company, the new office could support expansion of its local team by up to 2x and is intended to help meet regional demand for compliant blockchain payments and custody services. Ripple said this growth is supported by DFSA licensing and approval for RLUSD, adding to its longer-term commitment to Dubai, where it opened its first office six years earlier.