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Saudi Central Bank Ends mBridge Pilot as Platform Processes 67 Billion Dollars

The Saudi Central Bank confirmed its pilot participation in the mBridge cross-border digital currency platform ended on May 13, 2025. Between mid-2024 and late 2025, mBridge processed 4,868 transactions valued at $67 billion, with the digital yuan comprising 96% of volume.

Published Source: Forbes
Issuing authority
Saudi Central Bank
Jurisdiction
Saudi Arabia
Publication date
September 28, 2026
Effective date
May 13, 2025
Stage
Final rule
Official source
www.forbes.com

Disclosures reported on September 28, 2026, revealed that the Saudi Central Bank officially concluded its trial engagement with the mBridge cross-border digital currency platform on May 13, 2025. The pilot was carried out in a test environment without live settlement of transactions.

mBridge is operated jointly by the central banks of China, Hong Kong, Thailand, and the United Arab Emirates.

Between mid-2024 and late 2025, the multi-CBDC platform processed 4,868 transactions with an aggregate value of $67 billion. Transaction volume remained heavily concentrated in China's digital currency, with the digital yuan representing roughly 96% of the total settlement value.

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