In a Linkedin Post, Bryan D’Souza, Head of Business Development and Partnerships MENA at R3 expressed his positivity to be back in Oman discussing the Central Bank of Oman’s interest in CBDC and digital tokenization.

He had recently moved to the region and settled in Abu Dhabi UAE to expand R3 partnerships in the GCC and MENA region.

He stated, “It’s fantastic to be back in Muscat, Oman with David E Rutter and Robert Wigley visiting senior representatives of the Central Bank of Oman today to discuss their interest in CBDC and digital tokenization.”

In June 2022, The Executive President of the Central Bank of Oman, Mr. Tahir Salim Al Amri, commented during the 7th Edition of the new Age Banking Summit on the topic of CBDCs (Central Bank Digital Currencies) the interest of the bank in a CBDC project.

Furthermore at the end of July 2023, the Oman Capital Market Authority issued a Public Consultation Paper on its Virtual Assets Regulatory Framework.

R3 has been working with Central banks, FMIs, commercial banks, FinTech, providing practical solutions for digital assets tokenization and regulated digital currencies, including CBDCs.

D’Souza had previously visited several countries including Kuwait, KSA, and Qatar.

R3 is also working with both the UAE Central Bank on its CBDC project as well as Saudi Central Bank.

In addition the Qatar Financial Centre Authority and R3 signed an MOU to develop and grow Qatar’s fintech industry using technologies such as DLT (Distributed Ledger Technology) back in April 2023.