Bahrain's wealth fund Mumtalakat and ARP Group have partnered to establish an AI-native and blockchain enabled wholesale bank in the kingdom. It is being designed to use AI across its operations and offer programmable services that connect directly with clients’ systems through APIs.
Bahrain Mumtalakat, the sovereign wealth fund of the kingdom, has entered into a strategic partnership with SandboxAQ, a global leader in AI and quantum techniques, in a move that will see the two create over $1 billion in value for the kingdom through new biotech assets in the country.
