Zand, the UAE’s first fully licensed, AI-powered digital bank, has announced a strategic collaboration with Klickl International, a cutting-edge Web 3.0 Open Finance platform based in the UAE. This partnership underscores both companies’ commitment to driving innovation and advancing the digital economy. Klickl will leverage Zand’s comprehensive banking products and solutions to optimize financial management, enhance operational efficiency, and foster innovation within the Web3 ecosystem.
Zand recently made headlines as the first UAE bank to launch digital asset custody services under its license, following approval from the Virtual Asset Regulatory Authority. This move signifies a milestone in the digital banking sector, offering institutional-grade security for digital assets and equipping clients with essential tools for success in the evolving digital economy. Zand’s plans to launch an AED-backed stablecoin further cement its leadership in integrating traditional finance (TradFi) with decentralized finance (DeFi), setting new benchmarks in the digital assets landscape.
Michael Chan, CEO of Zand, highlighted the collaboration’s significance, stating, “We are pleased to announce our partnership with Klickl International, which aligns perfectly with the UAE’s bold vision for accelerating the digital economy. At Zand, our focus remains on delivering seamless and secure banking experiences through innovation and a client-first approach.”
Klickl International’s CEO, Michael Zhao, shared his enthusiasm for the partnership, emphasizing its transformative potential. “Partnering with Zand Bank marks a pivotal moment in our journey to reshape the digital finance landscape. With Zand’s support, we are unlocking new possibilities for businesses and consumers, driving meaningful change in the industry,” Zhao said.
The partnership between Zand and Klickl represents a significant step forward in the integration of financial expertise and Web3 technology. Together, they aim to develop customer-centric solutions that cater to the demands of the digital economy while fostering technological advancements in the financial sector.
This collaboration not only strengthens Zand’s position as a leader in digital banking and digital asset solutions but also empowers Klickl to redefine how financial services are delivered in the Web3 space. By aligning their shared vision, Zand and Klickl are paving the way for a more innovative and customer-focused future in digital finance.
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