UAE to Launch New Digital Asset Management Platform

The National Bank of Ras Al Khaimah (RAKBANK) has joined forces with Bitpanda Technology Solutions to launch a new digital asset management platform for UAE residents.

This collaboration aims to introduce a regulated solution for handling digital assets, pending approval from the Central Bank of the UAE (CBUAE).

RAKBANK views digital assets as a key future trend in financial management, with Dongjun Choi, the bank’s chief customer officer, noting that the platform will enhance both efficiency and security for customers. The partnership will allow RAKBANK to leverage Bitpanda’s technology without developing its own infrastructure.

Bitpanda’s CEO, Lukas Enzersdorfer-Konrad, supports this initiative as part of ongoing crypto innovation in the UAE.

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This development follows Ras Al Khaimah’s recent efforts to establish a free-trade zone for digital assets, and the launch of the RAK Digital Assets Oasis (RAK DAO), which focuses on blockchain and AI technologies.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.