Zand, the UAE’s first fully licensed, AI-powered digital bank, has announced a collaboration with Klickl International (Klickl), a forward-thinking Web 3.0 Open Finance platform headquartered in the UAE. This collaboration highlights Klickl’s commitment to elevating its operations by utilizing Zand’s comprehensive banking products and innovative solutions.
Zand recently announced that it is the first UAE bank to launch digital asset custody services under its license, after receiving approval from the Virtual Asset Regulatory Authority. By providing institutional-grade security for digital assets, Zand is equipping its clients with the tools they need to thrive in the digital economy. The upcoming launch of Zand’s AED-backed stablecoin will further enhance the bank’s ability to integrate TradFi and DeFi, reinforcing its leadership in the digital assets landscape.
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By leveraging Zand’s banking products and solutions, Klickl International is poised to streamline its business processes, optimize financial management, and drive innovation within the Web3 ecosystem. This collaboration underscores Zand’s dedication to integrating advanced technology with financial services to meet the evolving demands of the digital economy.
Michael Chan, CEO of Zand, commented: “We are pleased to announce our collaboration with Klickl International, aligning with the UAE’s bold vision to accelerate the digital economy. At Zand, we are dedicated to delivering seamless and secure banking experiences through continuous innovation, forward-thinking, and a client-first approach.”
Michael Zhao, CEO of Klickl International, added: “Partnering with Zand Bank marks a pivotal moment in our journey towards reshaping the digital finance landscape. With Zand’s support, we are unlocking new possibilities for businesses and consumers, driving meaningful change in the industry.”
This collaboration is a testament to the synergy between Zand’s financial expertise and Klickl’s innovative approach to Web3.0 technology. Together, they are paving the way for technological advancements and customer-centric solutions that will shape the future of digital finance.
About Klickl International
Klickl International is the premier Web3 open finance platform in the Middle East, anchored in providing the Web3 sector with professional banking and digital payment solutions as a foundational infrastructure bank. Established in Abu Dhabi and backed by the support of the UAE government and regulators, it operates within compliance of virtual asset financial businesses with its FSRA-regulated custody and brokerage firm licenses. Additionally, it has received central bank approval for customer fund account qualifications.
Klickl International is the world’s first institution to introduce a “customer-centric, destination agnostic” risk module model, fundamentally addressing the unbanked challenge faced across the entire crypto industry. Through its own crypto infrastructure, global settlement systems, and a network of traditional banking partners, it offers ecosystem participants a one-stop account, custody wallets, payments, settlements, on/off ramps, and trading services in a distributed regulatory compliance environment. This facilitates the entry of future 1 billion traffic into Web3.
About Zand
Zand, the UAE’s first fully licensed, AI-powered digital bank, was founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi).
