Kenne Michael 
Despite its legal battle with the SEC, Ripple institutional investors are advancing in Dubai and the MENA region.
Opening a new office at the Dubai International Financial Centre demonstrates their dedication to international expansion.
Brad Garlinghouse, the CEO of Ripple, disclosed that the XRP Ledger has over 4.8 million wallets, of which 20% are from the MENA region, indicating a growing demand for Ripple solutions in that region.
Ripple services a global clientele despite the legal dispute, with over 90% of its operations occurring outside the United States.
Ripple has important consumers in the MENA region, including SABB, Qatar National Bank, Lulu Financial Holdings, Al-Ansari Exchange, and RAK Bank.
Sologenic, a UAE firm, aligns with Ripple’s vision and has onboarded over 200,000 customers onto the XRP Ledger, demonstrating the growing acceptance of Ripple’s solutions in the institutional sphere.
Ripple institutional investors must demonstrate their commitment to global expansion by showing their resilience and appeal in the MENA region.
In addition, the UAE-based company Sologenic shares Ripple’s vision and has successfully onboarded over 200,000 customers onto the XRP Ledger.
This demonstrates the growing adoption of Ripple’s solutions in the institutional sector.