SAUDI AWWAL BANK (SAB), one of the largest financial institutions in Saudi Arabia with more than $ 100 billion in assets, is entering the future of finance with a new partnership.
The bank has signed an innovation agreement with ChainLink to explore how chain finance can reshape banking services in the region. This movement points out more than experimentation. It reflects the growing interest of Saudi Arabia for blockchain as a back spine for financial services.
With the agreement, SAB aims to test the interoperability of the secure blockchain using the advanced infrastructure of Chainlink. This creates new opportunities for developers and institutions to create new generation financial applications.
ChainLink wrote on X, “SAB accelerates the adoption of chain finance in the region by allowing developers to build with the transversal interoperability protocol of ChainLink (CCIP) and the ChainLink execution environment (CRE).”
Saudi bank Awwal (@alawwalsab), one of the largest banks in Saudi Arabia with more than $ 100 billion in total assets, has taken advantage of several chain liaison services to facilitate the deployment of new generation onichain demands in Saudi Arabia.
Under the innovation agreement, Sab is … pic.twitter.com/zhlm1gjdg
– Chainlink (@chainlink) September 16, 2025
“We are delighted to announce the signing of a cooperation agreement on innovation with Chainlink, aimed at experimenting with the secure interoperability of blockchain. This collaboration marks a pivotal step in our commitment to stimulate financial innovation in Saudi Arabia, ”tweeted Sab Bank.
An evolution towards the adoption of institutional blockchain
Collaboration is a big problem because institutional partnerships in crypto warm up around the world. In recent years, banks and payment giants have experienced blockchain to stimulate efficiency, safety and transfronner transactions.
For example, JPMorgan tested its Onyx blockchain for interbank transfers. Similaly, the European company Geneal has issued tokenized obligations on Ethereum. Now, the SAUDI AWWAL BANK partnership with ChainLink adds a new momentum to the traditional finance wave encountering decentralized technology.
An extension for ChainLink
For Chainlink, this partnership strengthens its role as a bridge between inherited institutions and the chain economy. SAB will have access to tools such as transverse interoperability protocol (CCIP). This tool allows the value to move through different blockchains.
It will also access the ChainLink (CRE) execution environment, designed to make the deployment of decentralized applications more transparent. These services are essential for banks who wish to build evolutionary solutions without being locked in a unique blockchain ecosystem.
What is important here is the broader involvement: by kissing Chainlink, Sab aligns with a world movement towards more open and connected financial systems.
In case of success, this could create a precedent for other banks of the Middle East to explore finances based on blockchain, positioning Saudi Arabia as a center for Innovation Fintech.
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