Bank · Saudi Arabia
Saudi National Bank (SNB)
The Saudi National Bank · alahli.com (opens source in new tab)
Crypto readiness score
2/3 status dimensions verified · 1 initiative · last verified 2026-11-08
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | 3.5 | Announced / exploring · initiative |
| Regulatory standing | 25 | — | No verified status — not scored |
| Technical delivery | 20 | 15 | Live — restricted / specific counterparties · initiative |
| Product breadth | 15 | 5 | 1 product category with a verified status: Tokenized deposits |
| Recent verified activity | 5 | 0 | No verified change in the last 365 days |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Tokenized deposits · Saudi Arabia / cross-border
Saudi National Bank on Kinexys Digital Payments: 24/7 programmable treasury payments
- regulatory
- Unknown
- technical
- Live — restricted / specific counterparties
- commercial
- Announced / exploring2025-05-02
Saudi National Bank went live with J.P. Morgan’s Kinexys Digital Payments in February 2025 to bring real-time programmable payments to its treasury, according to J.P. Morgan, and intends to extend the capability to select large corporate clients in phases.
Scope: SNB treasury; phased roll-out to select large corporates planned.
In tracker · last verified 2026-11-08
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
No licence or registration record in our verified data. This means “not reviewed”, not “unlicensed”.
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
- J.P. Morgan (Kinexys) · named role (tracker) · Kinexys Digital Payments network provider
Regulator records & actions
Register entries and regulator publications that name this institution.
None in our verified data.
Markets (from stated target markets): Saudi Arabia
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2025-05-02 · Status
J.P. Morgan (2 May 2025): SNB went live with KDP for treasury payments in February 2025 (month only; history dated to the source).
2025-05-02 · Status
Phased roll-out to select large corporate clients intended.
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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