UAE AI Digital Bank Zand integrates with XDC Blockchain

UAE Zand, an AI-powered Fintech and financial services group in the United Arab Emirates, has successfully concluded the integration of XDC Network, an enterprise-grade blockchain platform. With this integration, corporate and institutional clients would be able to custody assets with XDC Network, through Zand’s institutional-grade digital asset custody service, subject to applicable regulatory approvals.

The integration also aims to help simplify the gold trading market through ComTech Gold, which combines the benefits of gold investment and the advantages of blockchain technology.

Zand CEO Michael Chan said, “We are entering a new era where blockchain technology can serve as the foundation for more efficient and inclusive banking solutions. This collaboration with XDC Network supports our vision of building blockchain-powered financial products to help bridge the gap between Traditional Finance and Decentralized Finance and advance the digital economy.”

“At XDC Network, we believe that digital banks and enterprise blockchain platforms can work together to redefine the future of finance,” said Ritesh Kakkad, Co-Founder of XDC Network. “Our partnership with Zand brings together compliance, innovation, and real-world utility – proving that blockchain is helping to power the next generation of global payments and asset tokenization.”

Recently, Yuze, a UAE-based AI-enabled digital business banking platform, and Zand, an AI and blockchain-powered digital bank in the UAE, joined forces to provide digital business accounts to eligible SMEs, startups and entrepreneurs of all sizes in the UAE.

Zand, also entered a strategic collaboration with Chainlink Labs, one of the primary contributing developers of Chainlink, the industry-standard oracle platform, to support Zand’s solutions for tokenized assets and blockchain based solutions.