As more and more banks and crypto exchanges partner to offer each others clients seamless fiat to crypto integrations, UAE AI digital bank has partnered with UAE regulated crypto broker CoinMENA to offer CoinMENA customers a seamless and secure fiat to crypto integration.

This comes weeks after RAK Bank in the UAE partnered with BitPanda to offer the bank’s customers with crypto trading options.

As per the press release, CoinMENA and Zand clients can transfer funds efficiently between their Zand bank accounts and CoinMENA FZE wallets. Zand’s AI and blockchain infrastructure ensures efficient banking services for CoinMENA FZE users, making the conversion between fiat and crypto – including stablecoins – secure and seamless.

While CoinMENA FZE seeks to enhance its value proposition to its growing client base, with a more direct and secure way for clients to fund their accounts, and an enhanced user experience.

Michael Chan, CEO of Zand, said, “We are excited to partner with CoinMENA FZE to enable their clients to transact effortlessly. This collaboration aligns with our commitment to advancing the digital economy and driving innovation in the region’s financial services by bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). By bringing together the best of both worlds, we are redefining the future of finance.”

CoinMENA FZE Co-Founders Talal Tabbaa and Dina Sam’an said in a joint statement, “We are delighted to join forces with Zand, a forward-thinking digital bank that shares our commitment to regulatory compliance and financial innovation. This collaboration strengthens our position as a regional leader in the virtual asset space and opens the door for future progress. We look forward to building on this success and continuing to innovate together.”

Subject to regulatory approval, Zand and CoinMENA FZE aim to explore opportunities for collaboration, including the tokenization of real-world assets, institutional-grade custody solutions, and broader infrastructure development to support the digital economy.

Prior to this Liv Bank from Emirates NBD also partnered with AquaNow to offer crypto trading services.