The National Bank of Ras Al Khaimah (RAKBANK) has teamed up with Bitpanda Technology Solutions, a leading digital assets infrastructure provider based in Vienna.
Through this partnership, RAKBANK aims to provide a robust platform that will enable UAE residents to manage digital assets effortlessly and securely. By allowing customers to explore various digital assets use cases following the CBUAE approval, the bank intends to unlock one of the most complete offerings available in the UAE market.
The partnership places RAKBANK and Bitpanda at the forefront of the digital financial breakthrough in the UAE, while contributing to the growth of the digital assets sector. This allows banks to take part in the virtual asset economy without needing to develop their own in-house virtual asset capabilities.
Dongjun “DJ” Choi Group Chief Customer Officer – RAKBANK
“We believe digital assets represent one of the future ways for customers to manage their finances more efficiently and securely. 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, commented that, “RAKBANK has a long history of pioneering crypto innovation in the UAE, and we want to support their ambitions. 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, established in 2014, is one of the prominent scalable digital assets infrastructure providers. Bitpanda has a striking global footprint and is already trusted by some of the world’s leading financial institutions, banks, neobanks, and fintechs.
