Zand, the UAEโs 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 Zandโs 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 Zandโs AED-backed stablecoin will further enhance the bankโs ability to integrate TradFi and DeFi, reinforcing its leadership in the digital assets landscape.
By leveraging Zandโs banking products and solutions, Klickl is poised to streamline its business processes, optimize financial management, and drive innovation within the Web3 ecosystem. This collaboration underscores Zandโs dedication to integrating advanced technology with financial services to meet the evolving demands of the digital economy.
Michael Chan, CEO of Zand, commented:ย โWe 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.โ
Michael Zhao, CEO of Klickl International, added:ย “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 Zandโs financial expertise and Klicklโs 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.
