The National Bank of Bahrain (NBB) has entered into a strategic partnership with Partior, a production-live, multi-bank blockchain settlement network, to explore the bank’s potential role as a Bahraini Dinar (BD) settlement bank on Partior’s network.
The partnership successfully establishes a comprehensive framework fully designed to evaluate the technical feasibility, regulatory requirements, and implementation steps necessary to successfully develop this proposed operating model safely within Bahrain’s financial services ecosystem.
NBB Group Head of Transaction Banking Vineet Munot commented on the occasion: “The way financial institutions settle money across markets is continuing to evolve, creating opportunities to examine new mechanisms for connectivity and settlement. Our engagement with Partior allows us to assess how NBB’s local market capabilities could support Bahraini Dinar settlement within an emerging digital infrastructure.”
“We will approach this opportunity with the appropriate technical, operational and regulatory considerations as we determine its potential value for NBB and Bahrain’s banking and finance industry.”
Partior CEO Humphrey Valenbreder added: “Expanding the range of currencies available across next-generation settlement platforms is an important part of advancing interoperability between financial markets.”
“Our work with NBB gives us an avenue to assess how Bahraini Dinar settlement could be incorporated into Partior’s network, building on our growing presence across the GCC. We look forward to working together to evaluate a model that can support efficient and transparent cross border flows working with a world class partner like NBB.”
The landmark agreement reflects NBB’s continued strategic focus on strengthening its transaction banking capabilities through carefully selected partnerships and emerging financial infrastructure.
By exploring highly innovative new approaches to clearing and settlement, the bank is actively seeking to enhance its international connectivity while contributing its local market expertise to the continued development of the kingdom’s financial services sector.
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