Zand Bank partners with Klickl to boost digital asset innovation

By Gloria Methri

Zand, the AI-powered digital bank, has announced a collaboration with Klickl International, a Web 3.0 Open Finance platform headquartered in the UAE.

KLICKL is one of the few MENA-focused crypto custody and payment providers, offering security, regulatory compliance, and tailored solutions for various uses. This collaboration aims to elevate Klickl’s operations by utilising Zand’s comprehensive banking products and innovative solutions.

Zand recently became the first UAE bank to launch digital asset custody services under its license after receiving approval from the Virtual Asset Regulatory Authority. The upcoming launch of Zand’s AED-backed stablecoin will further enhance the bank’s ability to integrate TradFi and DeFi, reinforcing its position in the digital assets landscape.

By leveraging Zand’s banking products and solutions, Klickl looks to streamline its business processes, optimise financial management, and drive innovation within the Web3 ecosystem.

Michael Chan, CEO of Zand, said, “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 Web 3.0 technology. Together, the companies believe they are paving the way for technological advancements and customer-centric solutions that will shape the future of digital finance.