Taurus announced that Zand Bank has selected Taurus as a strategic partner covering all aspects of its digital asset infrastructure: custody, tokenization, and blockchain connectivity.

Taurus is a Switzerland based digital asset technology provider for banks, Zand a digital bank in the UAE.

Under this agreement Zand will leverage Taurus’  integrated custody and tokenization solutions to expand its offering in the field of digital assets: crypto-currencies, tokenized securities, and digital currencies. Backed by institutional investors such as Credit Suisse, Deutsche Bank, Arab Bank Switzerland, Lombard Odier and Pictet Group, Taurus raised $65 million in 2023.

Multi-faceted partnership: Crypto-currencies, NFTs, tokenized securities, and digital currencies

At the core of the collaboration between Zand and Taurus is to provide the institutional-grade custody for digital assets. Zand will utilize Taurus-PROTECT wallet solution, ensuring secure storage for cryptocurrencies, NFTs, tokenized securities, and digital currencies in the UAE.

Michael Chan, CEO at Zand, says,

“Our partnership with Taurus signifies a new benchmark for digital asset services marking a new era of banking excellence, where security, versatility, and client-centric solutions converge to redefine the very essence of digital economy.”

Bashir Kazour, Managing Director at Taurus:

“It’s a privilege to assist Zand, a leader in digital banking, in launching their digital asset strategy in line with all applicable regulations. I look forward to supporting Zand deliver landmark transactions in the area of tokenized assets.”

Featured image credit: Michael Chan, CEO at Zand and Bashir Kazour, Managing Director at Taurus