According to Odaily, blockchain technology company Taurus has entered into an agreement with the United Arab Emirates' digital bank, Zand Bank. The partnership will see Taurus providing custodial, tokenization, and blockchain connectivity services to Zand Bank.
Established in 2022, Zand Bank is the first digital bank in the UAE to hold a full banking license. It primarily serves businesses, institutions, and wealth clients. The bank's chairman, Mohamed Alabbar, is also the founder of Emaar Properties, a company renowned for developing the Burj Khalifa and the Dubai Shopping Centre.
As part of its digital asset services, Zand Bank plans to introduce a range of offerings, including cryptocurrencies, NFTs, tokenized securities, and digital currencies. To facilitate this, the bank will utilize the Taurus-PROTECT wallet solution to provide institutional-grade digital asset custody services.
