In a groundbreaking collaboration, Zand Bank, an AI-driven digital bank in the UAE, has partnered with XDC Network to revolutionize enterprise finance with blockchain technology. Known for its innovative approach to digital banking, Zand’s integration with the XDC Network marks a significant leap in bridging traditional and decentralized financial services.
Blockchain Payments and Digital Asset Custody
Zand Bank’s adoption of XDC Network enables corporate clients to access blockchain-powered payment solutions. This integration effectively connects the benefits of blockchain transparency, speed, and efficiency with traditional banking workflows. Corporate clients will soon leverage institutional-grade digital asset custody options, pending regulatory approvals in the UAE.
Michael Chan, CEO of Zand, expressed optimism for the partnership, stating, “We are entering a new era where blockchain technology can serve as the foundation for more efficient and inclusive banking solutions. Collaborating with XDC Network aligns with our vision of offering blockchain-powered financial products.”
ISO 20022 Standards for Seamless Interoperability
The partnership is built on compliance with ISO 20022 standards, ensuring seamless interoperability with existing financial messaging systems. This alignment is crucial for regulatory compliance and supporting the global financial infrastructure. The XDC Network’s ability to process transactions that align with these standards sets it apart as a blockchain platform designed with institutional-grade utility in mind.
Efficiency in Gold Trading Markets with ComTech Gold
Looking beyond payments, the partnership extends to commodity markets, introducing blockchain-based solutions through ComTech Gold. By integrating blockchain technology, ComTech Gold promotes transparency and efficiency in the gold trading sector. This initiative simplifies complex settlement procedures traditionally mired with intermediaries, ensuring a smoother transaction process.
For instance, the tokenized gold offered by ComTech Gold brings programmability to gold investments, merging the tangible value of precious metals with the technological benefits of blockchain. Interested investors can explore tokenized gold options here.
Shaping the Future of Finance
The Zand and XDC Network collaboration signifies the transformative potential of blockchain in reshaping finance. By integrating decentralized finance (DeFi) elements with traditional finance (TradFi), the partnership is setting the stage for a new era of global payments and asset tokenization.
Ritesh Kakkad, Co-Founder of XDC Network, emphasized, “This partnership shows how blockchain can deliver real-world utility for enterprise banking and beyond. Together, we’re redefining the future of financial services.”
As blockchain technology continues to evolve, collaborations like this underscore its ability to create faster, more transparent, and compliant financial ecosystems. The future of banking is digital, and these advancements highlight how blockchain can connect traditional banking frameworks with next-generation financial technologies.
