Zand, an AI-powered fintech and financial services group in the United Arab Emirates (UAE), is joining forces with CoinMENA FZE, a digital asset platform in MENA, to empower CoinMENA clients across the region with secure fiat-to-crypto integration.
Through this partnership, clients can transfer funds efficiently between their Zand bank accounts and CoinMENA FZE wallets. Zand’s AI and blockchain infrastructure will look to provide efficient banking services for CoinMENA users, making the conversion between fiat and crypto, including stablecoins, secure and seamless.
This collaboration leverages CoinMENA FZE’s position as a regulated digital asset platform in the MENA region. By integrating with Zand, CoinMENA plans to enhance its value proposition to its growing client base, with a more direct and secure way for clients to fund their accounts, and an enhanced user experience.
“This collaboration aligns with our commitment to advancing the digital economy and driving innovation in the region’s financial services by bridging the gap between traditional finance and decentralised finance (DeFi),” said Michael Chan, CEO of Zand. “By bringing together the best of both worlds, we are redefining the future of finance.”
CoinMENA FZE Co-Founders Talal Tabbaa and Dina Sam’an said in a joint statement: “We are delighted to join forces with Zand, a forward-thinking digital bank that shares our commitment to regulatory compliance and financial innovation. This collaboration strengthens our position as a regional leader in the virtual asset space and opens the door for future progress. We look forward to building on this success and continuing to innovate together.”
Subject to regulatory approval, Zand and CoinMENA say they will look to explore opportunities for collaboration, including the tokenisation of real-world assets, institutional-grade custody solutions, and broader infrastructure development to support the digital economy.