- Abdulla Kanoo, an heir to Bahrain’s Kanoo business dynasty, has been investing in digital assets since 2015 and is now focused on building blockchain-based payment infrastructure.
- His firm, ARP Digital, aims to streamline cross-border payments among emerging economies by moving money faster and cheaper than legacy banking systems, and has already processed more than $3.5 billion in volume for over 450 institutions.
- Licensed in Bahrain and approved in principle in Dubai, ARP’s integration with Fireblocks gives it access to a major institutional digital asset network and positions the Gulf as a future hub for moving and settling global capital.
For more than 135 years, the Kanoo family, one of Bahrain's wealthiest families, has helped build the Gulf’s entire commercial infrastructure.
The family, with a net worth of up to $6 billion, owns businesses spanning shipping, logistics, travel and finance.
Abdulla Kanoo, one of the heirs to this 135-year-old dynasty, is now involved in crypto. While he refuses to reveal his family’s or his personal bitcoin investments, he says he’s invested in digital assets since 2015 and remains "faithful" to bitcoin BTC$65,285.01.
Kanoo also believes the next generation of global commerce will not be built on ports or banks, but on digital rails or, more specifically, on the blockchain, where programmable money is king.
Kanoo is the co-founder of ARP Digital, a digital asset infrastructure project focused on allowing the movement of money between emerging economies faster, cheaper and with fewer intermediaries.
"The Gulf was where global capital was stored," he told CoinDesk. "The next chapter is about movement."
Kanoo is not launching another crypto exchange nor is he pitching a new token. He has his goals set on expanding the family legacy on a global scale.
Trade between emerging economies exceeded $6 trillion in 2024, according to Kanoo, representing roughly a quarter of global trade. "What matters more is the size of the problem we're pointed at, because that's what actually governs our growth," Kanoo said.
Structural gap
That problem is surprisingly simple. Global South institutions increasingly trade with one another, yet many still rely on legacy banking systems designed for a different era. Payments often pass through multiple correspondent banks. Settlement can take days. The capital sits offshore. Access to dollar liquidity remains uneven, affecting business and profits.
"That's not a niche," Kanoo said. "That's the structural gap we settle into." ARP Digital was founded to fill that gap, he said.
Headquartered in Bahrain, ARP holds a Category 3 Crypto-Asset Service Provider license from the Central Bank of Bahrain and has received in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA).
Kanoo said his company has processed more than $3.5 billion in transaction volume across more than 450 institutional and corporate entities. Last year, volume grew fourfold, he added.
ARP’s most recent milestone is its integration with the Fireblocks Network for Payments, a platform connecting payment providers, fintech firms and financial institutions across more than 100 countries.
For ARP, the deal provides access to one of the largest institutional digital asset networks in the world. For Fireblocks, it creates a regulated entry point into Gulf payment corridors.
Kanoo is betting on a future where the Gulf will continue to be the global commercial hub he believes it is. "For a century, the Gulf stored the world's capital," Kanoo said. "By 2030, it will move it and settle it."
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