Michael Chan, CEO of Zand Bank, discusses the bank's role in the UAE's digital asset ecosystem. Chan details Zand's strategic shift towards wholesale banking and supporting crypto companies, driven by the UAE's vision to become a leading crypto hub. Zand offers corporate banking services, FX, wealth management, and digital asset custody, bridging traditional finance and DeFi. Chan shares Zand's plans to launch a Dirham stablecoin on a public exchange and integrate crypto wallets with fiat accounts for corporate clients. He also touches upon the potential of stablecoins in cross-border remittances, aiding countries with currency depreciation, and facilitating real-world asset tokenization, highlighting Dubai's real estate market as an example.
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