Zand Bank receives official approval to offer digital asset custody services.

Zand Digital Bank announced a significant achievement after receiving official approval from the Virtual Asset Regulatory Authority in the UAE, allowing it to offer digital asset custody services. This move aligns with the bank's commitment to the highest standards of stability, compliance, and risk management, with a strong focus on protecting clients' assets.

According to the statement issued today, the bank relies on advanced security systems and continuous periodic reviews, overseen by teams of specialized information security experts, to ensure the safety of all digital assets.

In this context, Mohammed Alabbar, Chairman of the Bank, stated that this approval is a significant strategic step that contributes to enhancing the digital economy of the UAE, noting that the bank aims to be a key player in the evolving financial landscape of the UAE and is working to support the country's vision of becoming a prominent global financial hub.