Zand, the UAE’s AI-powered digital bank, has launched its Digital Asset Custody services.
The innovative offering, which is approved by Dubai’s Virtual Asset Regulatory Authority (VARA), positions Zand as the first UAE bank to provide institutional-grade digital asset custody services under its banking license.
Designed for corporate and institutional clients, Zand’s custody services ensure top-tier security, with private keys protected in onshore UAE Hardware Security Modules (HSMs) to meet the highest global standards.
By combining our banking and digital assets expertise with advanced blockchain technology, Zand bridges the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi), empowering clients to manage both fiat money and digital assets securely.
“The approval from VARA is a milestone for Zand and the UAE’s digital economy. Our mission is to establish Zand as a cornerstone of the UAE’s evolving financial landscape, contributing to the nation’s ambition to be a global financial powerhouse,” said Mohamed Alabbar, Chairman of Zand.
As a regulated entity under the Central Bank of the UAE and a digital assets custodian licensed by VARA, Zand adheres to the strictest standards of stability, compliance, and risk management.
The custody solution is supported by advanced security protocols, continuous audits, and a dedicated team of information security experts, ensuring that clients’ assets remain secure and accessible.
With its AI-powered infrastructure, Zand not only delivers seamless digital banking experiences but also sets new benchmarks for trust and reliability in the financial sector.
