SAMA Completes mBridge Proof of Concept, Withdraws as Participant
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Updated sep 22
The latest in this situation
How it started
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Sama, which functions as the central bank of Saudi Arabia, joined the mBridge wholesale cross border settlement platform as an observer in 2023. It became a participant in 2024 and completed its proof of concept in May 2025 before confirming it was no longer a participating member. The platform utilizes central bank digital currencies for settlements.
Why it matters
The withdrawal does not preclude Saudi Arabia from experimenting with faster RMB settlement for trade with China while maintaining its dollar peg at 3.75. However, the reports note that the United States still holds enormous structural leverage over Saudi Arabia regarding this issue.
Who's involved
- Saudi ArabiaGeopolitical state whose central bank is the focus of the technology testing.
- SamaThe central bank of Saudi Arabia, which is testing the mBridge platform.
- FEDBusiness whose market movements are observed in relation to central bank actions.
How it developed
Newest first. Tap a step to see who reported it.- Mascots Sama and Sager are currently guiding visitors in a specific capacity.Sub-event
US leverage over Saudi Arabia and SAMA technology testing.1 source
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The entities involved
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Saudi Arabia
country in West Asia
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Sama
Brazilian asbestos company
Nothing else this week.
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