The National Bank of Ras Al Khaimah (RakBank) has finalized an agreement with Bitpanda Technology Solutions to offer a state-of-the-art platform, enabling UAE residents to manage digital assets seamlessly. Pending approval from the Central Bank of the UAE, this initiative will allow RakBank customers to engage with a broad spectrum of digital assets, presenting one of the UAE’s most comprehensive digital asset services.
This collaboration places RakBank and Bitpanda at the forefront of digital finance innovation in the UAE, enhancing growth within the digital assets sector. It provides a framework for banks to integrate into the virtual asset economy without the need to develop proprietary virtual asset systems.
Dongjun DJ Choi, Group Chief Customer Officer at RakBank, stated, “Digital assets are becoming a critical component of financial management. Our partnership with Bitpanda is set to bridge the existing market gap with a reliable, regulated banking platform for digital assets. This collaboration will transform our financial landscape, offering our customers expanded digital asset opportunities.”
Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions, commented, “Supporting RakBank’s crypto innovation efforts in the UAE has been our goal. Bitpanda’s modular technology enables us to customize our offerings to meet partner demands, enhancing our flexibility. Together, we aim to revolutionize crypto accessibility in the UAE and pave the way for further technological advancements.”
Bitpanda stands out as a scalable and highly regulated leader in digital assets infrastructure, with a significant global presence and trusted partnerships with major financial institutions, banks, neobanks, and fintech companies worldwide.
