Home Banking & Finance Zand Bank, Klickl International partner to boost digital asset innovation

Zand Bank, Klickl International partner to boost digital asset innovation

The neobank is the first in the UAE to launch digital asset custody services under its licence after receiving approval from the Virtual Asset Regulatory Authority

Zand Bank, Klickl International partner to boost digital asset innovation
The partnership is a testament to the synergy between Zand’s financial expertise and Klickl’s innovative approach to Web 3.0 technology. Image credit: Zand Bank/ Supplied

Zand has joined forces with Klickl International (Klickl) as part of the Web 3.0 open finance platform’s broader strategy to elevate its operations by utilising the UAE digital bank’s comprehensive banking products and innovative solutions.

The neobank recently announced that it is the first UAE bank to launch digital asset custody services under its licence after receiving approval from the Virtual Asset Regulatory Authority.

By providing institutional-grade security for digital assets, Zand is equipping its clients with the tools they need to thrive in the digital economy. The upcoming launch of Zand’s AED-backed stablecoin will further enhance the bank’s ability to integrate TradFi and DeFi, reinforcing its leadership in the digital assets landscape.

By leveraging Zand’s banking products and solutions, Klickl is poised to streamline its business processes, optimise financial management, and drive innovation within the Web3 ecosystem. The partnership underscores Zand’s dedication to integrating advanced technology with financial services to meet the evolving demands of the digital economy.

“We are pleased to announce our collaboration with Klickl International, aligning with the UAE’s bold vision to accelerate the digital economy. At Zand, we are dedicated to delivering seamless and secure banking experiences through continuous innovation, forward-thinking, and a client-first approach,” said Michael Chan, the CEO of Zand.

The collaboration is a testament to the synergy between Zand’s financial expertise and Klickl’s innovative approach to Web 3.0 technology. Together, Zand and Klickl are paving the way for technological advancements and customer-centric solutions that will shape the future of digital finance.