Zand and CoinMENA Announce Strategic Partnership

Dubai, United Arab Emirates; 28 August 2025

Zand, an AI-powered Fintech and financial services group in the United Arab Emirates (UAE), and CoinMENA FZE, the leading digital asset platform in MENA, have announced a strategic collaboration to empower CoinMENA FZE’s clients across the region with seamless and secure fiat-to-crypto integration.

Through this partnership, clients can transfer funds efficiently between their Zand bank accounts and CoinMENA FZE wallets. The collaboration highlights Zand’s pioneering role in integrating fiat and crypto solutions, offering unparalleled expertise in bridging traditional finance and decentralized finance. Zand’s AI and blockchain infrastructure ensures efficient banking services for CoinMENA FZE users, making the conversion between fiat and crypto – including stablecoins - secure and seamless.

This collaboration leverages CoinMENA FZE's position as one of the most trusted and regulated digital asset platforms in the MENA region. By integrating with Zand, CoinMENA FZE seeks to enhance its value proposition to its growing client base, with a more direct and secure way for clients to fund their accounts, and an enhanced user experience.

Michael Chan, CEO of Zand, said: "We are excited to partner with CoinMENA FZE to enable their clients to transact effortlessly. This collaboration aligns with our commitment to advancing the digital economy and driving innovation in the region’s financial services by bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). By bringing together the best of both worlds, we are redefining the future of finance."

CoinMENA FZE Co-Founders, Talal Tabbaa and Dina Sam’an said in a joint statement: "We are delighted to join forces with Zand, a forward-thinking digital bank that shares our commitment to regulatory compliance and financial innovation. This collaboration strengthens our position as a regional leader in the virtual asset space and opens the door for future progress. We look forward to building on this success and continuing to innovate together."

Subject to regulatory approval, Zand and CoinMENA FZE aim to explore opportunities for collaboration, including the tokenization of real-world assets, institutional-grade custody solutions, and broader infrastructure development to support the digital economy.

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About Zand

Licensed by the Central Bank of the UAE and rated BBB+ investment grade by Fitch Ratings, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy.

Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank.

Zand, the AI-powered bank for the digital economy. For more information, please visit www.zand.ae. For media inquiries, please email: [email protected]

About CoinMENA FZE

CoinMENA FZE is licensed as a broker-dealer virtual asset service provider (VASP) by Dubai's Virtual Assets Regulatory Authority (VARA). CoinMENA FZE aims to empower both new and seasoned investors in the MENA region who seek access to crypto asset investment options, enabling them to participate in the emerging digital economy. At CoinMENA FZE, investors can buy, sell, send, receive, and store digital assets safely and securely, as well as deposit and withdraw in their local currency. Through competitive fees, high liquidity, and an educational approach, CoinMENA FZE aims to be the simplest and most trusted platform for digital assets in the region. For more information, please visit www.coinmena.com

Disclaimer:

This collaboration is subject to regulatory approval. Nothing herein constitutes financial advice or an offer to invest in, or a solicitation to buy virtual assets.