Taurus General Manager: Traditional financial institutions in the UAE are eager to launch digital asset services

ChainCatcher news, Bashir Kazour, Managing Director of the Swiss cryptocurrency company Taurus, stated that traditional financial institutions in the UAE, such as banks, are eager to launch digital asset services. Kazour made the statement as the company established a new partnership with Zand, the UAE's first digital bank, to provide digital asset services.

Zand will utilize Taurus's custody and tokenization solutions. This will enable Zand to expand its digital asset offerings, including cryptocurrencies, tokenized securities, and NFTs.

Kazour stated, "The collaboration with Zand reflects the progress of the UAE as a leading digital asset hub. The company is further investing in the UAE to serve our clients in a Swiss and regional manner."