Dubai-headquartered digital bank Zand has entered into a strategic partnership with Swiss crypto management platform Taurus. This collaboration aims to enhance Zand’s digital asset services, including offerings related to tokenized securities.
Zand, regulated by the UAE’s central bank, disclosed to crypto.news that it will utilize Taurus’ comprehensive suite of crypto wallet solutions, encompassing both hot and cold wallets, to provide custodial services for cryptocurrencies, non-fungible tokens (NFTs), and digital currencies. Additionally, Zand plans to leverage Taurus’ technology to facilitate the issuance and management of various tokenized financial and real-world assets.
“This partnership allows Zand to effectively deploy and oversee smart contracts across public and private blockchains,” stated a press release from the bank.
Michael Chan, CEO of Zand Bank, emphasized that this collaboration signifies a significant stride towards establishing a new standard in digital asset services, aiming to broaden its crypto offerings for clients.
For Taurus, this strategic alliance follows closely on the heels of its recent expansion of crypto services, which now include support for networks like Stellar. Founded in 2018 by Lamine Brahimi, Sébastien Dessimoz, Oren-Olivier Puder, and Jean-Philippe Aumasson, Taurus raised $65 million from notable institutional investors such as Credit Suisse, Deutsche Bank, Arab Bank Switzerland, among others, according to PitchBook data.
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