The National Bank of Ras Al Khaimah (RAKBANK) has announced a strategic partnership with Bitpanda Technology Solutions to advance digital asset management for UAE residents. TThis collaboration will introduce a state-of-the-art platform, thereby allowing customers to efficiently handle a variety of digital assets. Moreover, the initiative, pending approval from the Central Bank of the UAE (CBUAE), aims to provide one of the most comprehensive digital asset offerings in the region.
This partnership positions both RAKBANK and Bitpanda at the cutting edge of digital finance in the UAE. By leveraging Bitpanda’s advanced digital asset infrastructure, RAKBANK will enhance its capabilities without developing internal virtual asset systems.
Dongjun “DJ” Choi, Group Chief Customer Officer of RAKBANK, stated: “We believe digital assets represent one of the future ways for customers to manage their finances more efficiently and securely.
Consequently, we are committed to exploring and integrating these technologies into our services.” Consequently, we are committed to integrating these innovations into our services.”This partnership is poised to fill the gap in the market for a trustworthy and regulated banking platform to deal in digital assets. By merging our expertise, we aim to revolutionize the traditional financial landscape for the benefit of our customers, enabling them to explore a broader range of digital assets opportunities.”
Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions, added: “RAKBANK has a long history of pioneering crypto innovation in the UAE. Therefore, we want to support their ambitions.”Moreover, Bitpanda Technology Solutions is fully modular, enabling us to tailor products to our partners’ needs.” This partnership exemplifies the importance of that flexibility. Together, we will transform crypto access for millions in the UAE and lay the groundwork for future innovation.”
Bitpanda Technology Solutions is renowned globally for its scalable digital asset infrastructure. Furthermore, as a highly regulated leader, it serves numerous financial institutions, banks, neobanks, and fintechs worldwide with its robust, modular platform.
ABOUT RAKBANK
RAKBANK, officially known as the National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s oldest and most innovative banks. Established in 1976, it offers a broad range of banking services across the UAE. Additionally, RAKBANK is headquartered on Sheikh Mohammed Bin Zayed Road in Ras Al Khaimah. It trades publicly on the Abu Dhabi Securities Exchange (ADX) and the Government of Ras Al Khaimah holds a majority ownership.
RAKBANK distinguishes itself with its commitment to innovation and superior customer experiences, striving to be a ‘digital bank with a human touch. It provides a wide array of Personal, Wholesale, and Business Banking services through 21 branches and advanced digital banking solutions. Through RAKislamic, its Islamic Banking unit, RAKBANK offers Sharia-compliant services both online and in person.
For further details, visit www.rakbank.ae or call +9714 213 0000.
ABOUT BITPANDA TECHNOLOGY SOLUTIONS
Bitpanda Technology Solutions is a leading provider of scalable digital asset infrastructure, serving FinTechs, traditional banks, and online platforms globally. The platform supports regulated trading, investment, and custody services for various assets, including stocks, ETFs, cryptocurrencies, precious metals, and commodities. Bitpanda’s modular, ISO 27001-certified platform allows partners to build tailored offerings through a cutting-edge API or a white-label solution.
About Author
