Dubai-based Zand Bank has partnered with Swiss crypto management platform Taurus to expand its digital asset services. This strategic alliance will enable Zand, regulated by the UAE central bank, to offer crypto custodian services and manage tokenized assets.
Zand will use Taurus’ wallet services for both hot and cold storage, providing secure handling of cryptocurrencies, NFTs, and digital currencies. The partnership will also allow Zand to manage the lifecycle of smart contracts on public and private blockchains.
Zand Bank CEO Michael Chan emphasized that this move sets a new standard for digital asset services in the region. Taurus, recently expanding its network support to Stellar, has secured $65 million from institutional investors.
This collaboration marks a significant step in Zand’s strategy to enhance its crypto offerings, promising long-term growth in digital finance.
