UAE fully licensed digital bank Zand, has yet again signed up a new collaboration. This time it is with UAE Web3 financing platform Klickl. This comes weeks after Zand Bank announced that it was launching its licensed digital asset custody services. This came after receiving approval from the Virtual Asset Regulatory Authority. In addition Zand announced it would be launching Zand’s AED-backed stablecoin which will further enhance the bank’s ability to integrate TradFi and DeFi, reinforcing its leadership in the digital assets landscape.

In 2023, UAE based Abu Abu Dhabi Global Market (ADGM) and Zand Bank, partnered to offer preferential banking services and efficient bank account opening for ADGM-licensed entities, including SMEs, virtual assets companies, funds, and corporations. Since then it has become the go to bank for crypto exchanges, and other Web3 entities when it comes to crypto banking related services.

By leveraging Zand’s banking products and solutions, Klickl is poised to streamline its business processes, optimize financial management, and drive innovation within the Web3 ecosystem.

Michael Chan, CEO of Zand, commented, “We are pleased to announce our collaboration with Klickl International, aligning with the UAE’s bold vision to accelerate the digital economy. At Zand, we are dedicated to delivering seamless and secure banking experiences through continuous innovation, forward-thinking, and a client-first approach.”

Michael Zhao, CEO of Klickl International, added, “Partnering with Zand Bank marks a pivotal moment in our journey towards reshaping the digital finance landscape. With Zand’s support, we are unlocking new possibilities for businesses and consumers, driving meaningful change in the industry.”