The Swiss crypto platform is expanding its stable of large financial institutions.
Swiss cryptocurrency infrastructure platform Taurus will provide services to the United Arab Emirates’ (UAE) Zand Bank. Their partnership will enhance Zand’s custody and tokenization options and blockchain connectivity.
Taurus’ infrastructure solutions will enable Zand to issue tokenized financial and real-world assets across permissioned and permissionless blockchains using Taurus’ node infrastructure under UAE regulation. Its custody solution will embrace cryptocurrencies, digital currencies and noon-fungible tokens as well.
Zand is headquartered in Dubai and has no physical branches. In 222, it became the first digitally native bank licensed by the Central Bank of the UAE (CBUAE), although it is not the first bank in the UAE to offer digital services. Taurus managing director Bashir Kazour said:
