UAE regulated digital Bank Zand has announced that it the first UAE bank to provide its institutional-grade Digital Asset Custody services under its banking license.
According to the LinkedIn post, “The groundbreaking offering which has been designed for corporate and institutional clients, ensures top-tier security, with private keys protected in onshore UAE Hardware Security Modules (HSMs) to meet the highest global standards.”
Zand is also offering the Zand Vault Cold Wallet crypto custody solution.
The digital Bank is also offering insurance coverage, multi signature and threshold signature schemes as well as regulatory oversight from the UAE Central Bank as well as Dubai Virtual Asset Regulatory Authority.
Zand is already well established in the UAE crypto ecosystem, as it offers crypto exchanges banking services.
In January 2025, Zand Bank partnered with Klickl after they announced they would be launching their digital asset custodial services. The Bank has also noted that it will be launching an AED stablecoin in the future while it enhances the bank’s ability to integrate TradFi and DeFi.
Other digital banks in the UAE are entering the crypto foray. Already Mbank has launched its first regulated AED stablecoin, while Liv Bank is now offering crypto trading services.
Mbank also launched Jaywan Cards, the UAE’s first National Debit Card, on its blockchain enabled Mbank Wallet platform.
