Dubai-based digital bank Zand has entered a strategic partnership with Swiss crypto management platform Taurus to enhance its digital asset services.

Taurus, a Swiss crypto management firm, is now a strategic partner for Zand Bank, aiming to expand crypto offerings and services linked to tokenized securities. Zand, which is licensed and regulated by the Central Bank of the UAE, announced it will utilize Taurus’ crypto wallet services—both hot and cold—to provide custodian services for cryptocurrencies, non-fungible tokens (NFTs), and digital currencies. Additionally, Zand will leverage Taurus’ products to issue and manage asset servicing for various types of tokenized financial and real-world assets.

Zand will be able to deploy and manage the lifecycle of any smart contract standard across both public and private blockchains.

Zand Bank CEO Michael Chan emphasized that this partnership marks a significant step in establishing a new benchmark for digital asset services, aiming to broaden the bank’s crypto offerings to its customers.

For Taurus, the partnership follows closely after the FINMA-regulated crypto management platform expanded its crypto offerings to include the Stellar network. Founded in 2018 by Lamine Brahimi, Sébastien Dessimoz, Oren-Olivier Puder, and Jean-Philippe Aumasson, Taurus has secured $65 million from institutional investors such as Credit Suisse, Deutsche Bank, and Arab Bank Switzerland, among others.

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