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Manama, xx May 2026: The Bahrain Association of Banks (BAB) has welcomed Rain as its first licensed crypto-asset member, marking a major milestone in the Kingdom’s evolving financial landscape.
This underscores the rapid digital transformation within Bahrain’s financial sector and also highlights the Association’s commitment to representing the full spectrum of the modern banking and financial ecosystem.
Through this membership, Rain will be able to participate actively in the Association’s specialized committees and contribute to strategic sector discussions focused on policy development, sector modernization and the advancement of digital assets that are growing internationally.
Mrs. Zeeba Askar, Chief Executive Officer of the Bahrain Association of Banks, welcomed Rain’s membership, stating: “Rain’s membership marks an important addition to the Association and reflects the increasing breadth of financial services in the Kingdom. We remain committed to providing a platform that brings together banks, fintech companies and digital asset firms to encourage dialogue, enhance collaboration and support Bahrain’s standing as a leading and innovative financial hub in the region.”
“Through this membership, the Association aims to strengthen engagement between banking institutions and digital asset platforms, opening up new opportunities for collaboration across fintech, digital finance and innovative payment solutions.” added Mrs. Askar.
Mr. Geoff Stecyk, General Manager of Rain, commented: “We are proud to become the first digital assets platform to join the Bahrain Association of Banks. This membership gives us a valuable opportunity to work more closely with leading financial institutions in the Kingdom and to contribute to shaping the future of digital finance, while continuing to uphold the highest regulatory and professional standards.”
Mr. Stecyk further affirmed that this step reflects the advanced regulatory environment in the Kingdom of Bahrain, which has been instrumental in attracting premier fintech firms through transparent, progressive, and innovation-friendly frameworks.
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