Saudi Awwal Bank (SAB), one of Saudi Arabia’s largest financial institutions with more than $100 billion in assets, is stepping into the future of finance with a new partnership.
The bank has signed an innovation agreement with Chainlink to explore how on-chain finance can reshape banking in the region. This move signals more than just experimentation. It reflects Saudi Arabia’s growing interest in blockchain as a backbone for financial services.
With the agreement, SAB aims to test secure blockchain interoperability using Chainlink’s advanced infrastructure. This creates new opportunities for developers and institutions to build next-generation financial applications.
Chainlink wrote on X, “SAB is accelerating the adoption of on-chain finance across the region by enabling developers to build with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE).”
Saudi Awwal Bank (@alawwalsab), one of Saudi Arabia’s largest banks with over $100 billion in total assets, is leveraging several Chainlink services to facilitate the deployment of next-generation onchain applications in Saudi Arabia.
Under the innovation agreement, SAB is… https://t.co/DAvUawI3Yg pic.twitter.com/Zhlm1GJdGp
— Chainlink (@chainlink) September 16, 2025
“We are excited to announce the signing of an Innovation Co-operation Agreement with Chainlink, aimed at experimenting with secure blockchain interoperability. This collaboration marks a pivotal step in our commitment to drive Financial Innovation in Saudi Arabia,” SAB Bank tweeted.
A Shift Toward Institutional Blockchain Adoption
The collaboration is a big deal because institutional partnerships in crypto are heating up worldwide. Over the past few years, banks and payment giants have been experimenting with blockchain to boost efficiency, security, and cross-border transactions.
For instance, JPMorgan has been testing its Onyx blockchain for interbank transfers. Similaly, Europe’s Société Générale issued tokenized bonds on Ethereum. Now, Saudi Awwal Bank’s partnership with Chainlink adds fresh momentum to the wave of traditional finance meeting decentralized technology.
An Expansion For Chainlink
For Chainlink, this partnership reinforces its role as a bridge between legacy institutions and the on-chain economy. SAB will gain access to tools like the Cross-Chain Interoperability Protocol (CCIP). This tool allows value to move across different blockchains.
It will also access the Chainlink Runtime Environment (CRE), designed to make deploying decentralized applications more seamless. These services are critical for banks that want to build scalable solutions without being locked into a single blockchain ecosystem.
What’s important here is the wider implication: by embracing Chainlink, SAB is aligning itself with a global movement toward more open and connected financial systems.
If successful, this could set a precedent for other banks in the Middle East to explore blockchain-based finance, positioning Saudi Arabia as a hub for fintech innovation.
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The post Saudi Awwal Bank Taps Chainlink for Onchain Finance appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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