Bank

Read

Dubai

Duba-based digital bank Zand has signed a strategic partnership with Swiss crypto management platform Taurus to offer digital asset services. 
<a href="https://crypto.news/tag/switzerland/" target="_blank" rel="noreferrer noopener">Swiss</a> crypto management firm Taurus is now a “strategic partner” for Dubai-based digital bank Zand Bank as the financial lender wants to expand its crypto offerings and services tied to tokenized securities. 
Zand, licensed and regulated by the central bank of the UAE, said in a press release sent to crypto.news it will rely on Taurus’ crypto wallet services, both hot and cold, to offer custodian services for crypto, non-fungible tokens (<a href="https://crypto.news/tag/nft/" target="_blank" rel="noreferrer noopener">NFTs</a>), and digital currencies. Zand will also leverage Taurus’ products to issue and perform asset servicing “of any type of tokenized financial and real-world assets.” 
 You might also like: <a href="https://crypto.news/deutsche-backed-taurus-targets-tokenized-real-estate-market-with-dubai-office/"> Deutsche-backed Taurus targets tokenized real estate market with Dubai office </a> 
“Zand will be able to deploy and manage the lifecycle of any smart contract standard across both public and private blockchains,” the press release reads. 
Zand Bank CEO Michael Chan highlighted that the partnership represents a big advancement in the bank’s efforts to establish a “new benchmark” for digital asset services, aiming to expand its crypto offerings to customers. 
For Taurus, the latest partnership comes just a week after the FINMA-regulated crypto management platform <a href="https://crypto.news/fintech-startup-taurus-expands-custody-and-issuance-platforms-to-stellar/" target="_blank" rel="noreferrer noopener">expanded</a> its crypto offerings, adding to its list of supported networks Stellar. Founded in 2018 by Lamine Brahimi, Sébastien Dessimoz, Oren-Olivier Puder, and Jean-Philippe Aumasson, Taurus secured $65 million from institutional investors such as Credit Suisse, Deutsche Bank, Arab Bank Switzerland, and others, according to data from PitchBook. 
 Read more: <a href="https://crypto.news/taurus-lido-partner-staked-ethereum/"> Taurus, Lido partner to allow stETH client access </a>

UAE’s neobank Zand Bank teams up with Taurus to offer crypto services

crypto.news

Altri articoli pubblicati su 3 lug 2024

BlockDAG Leads Among the Top Cryptos to Invest in, with Price Predictions of $30 by 2030, Outshin...

Next Altcoin Season 2024: Meme Coins to Lead the Charge

ConsenSys Vs SEC: Judge Sets Stage For Potential MetaMask Ruling By 2024 End – Details

Sony Acquires Amber Japan for Crypto Exchange Entry

This Changes Memecoins Forever: The Snek Phenomenon

ProBit Global Enlists Lucre Way, Highlights Significance of Utility Token

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!