Zand Bank, Klickl International partner to advance digital finance

Zand Bank (Zand) has announced a strategic collaboration with Klickl International (Klickl), a Web3 open finance platform.

The partnership aims to bolster Klickl’s operations by leveraging Zand’s banking solutions and products.

The collaboration comes on the heels of Zand’s recent achievement of becoming the first UAE bank to offer digital asset custody services, following approval from the Virtual Asset Regulatory Authority (VARA).

Additionally, the upcoming launch of Zand’s UAE dirham-backed stablecoin is set to further strengthen its efforts to bridge the gap between traditional finance (TradFi) and decentralised finance (DeFi), reinforcing the bank’s leadership in the digital assets space.

Klickl to benefit from Zand’s infrastructure

Klickl, headquartered in the UAE and established in 2017, will benefit from the digital bank’s infrastructure, which will streamline its financial management and enhance its business processes within the Web3 ecosystem.

The collaboration aims to meet the growing needs of the digital economy.

Michael Chan, CEO of Zand, emphasised the significance of the collaboration, saying: “We are pleased to announce our collaboration with Klickl International, aligning with the UAE’s bold vision to accelerate the digital economy. We are dedicated to delivering seamless and secure banking experiences through continuous innovation, forward-thinking, and a client-first approach.”

Klickl CEO Michael Zhao expressed his enthusiasm about the partnership, stating: “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.”