The Swiss crypto platform Taurus will serve Zand Bank from the UAE 🤝. The partnership will improve Zand's ability to store and tokenize assets, as well as connect to the blockchain. Taurus will help Zand issue tokenized financial and real-world assets on permissioned and permissionless blockchains under UAE law.

Zand, a digital bank without physical branches, became the first licensed digital bank in the UAE in 222.

The UAE Central Bank is actively reforming the country's digital financial market, including strengthening anti-money laundering screening requirements.

Despite new stablecoin licensing regulations that could complicate foreign investment, the UAE has attracted crypto firms including Binance, Crypto.com, Nexo, Solana and others.