Dubai, United Arab Emirates – The National Bank of Ras Al Khaimah (RAKBANK), a leading UAE financial institution known for its pioneering efforts in the digital assets sector, has entered into a strategic partnership with Bitpanda Technology Solutions, a global leader in digital assets infrastructure. This collaboration is set to revolutionize the digital financial landscape in the UAE by providing a robust platform that will allow residents to manage digital assets effortlessly.
Upon receiving approval from the Central Bank of the UAE (CBUAE), RAKBANK customers will gain access to one of the most comprehensive digital assets offerings available in the UAE market. This partnership positions RAKBANK and Bitpanda at the forefront of the digital financial revolution in the UAE, enabling traditional banks to participate in the virtual asset economy without the need to develop in-house capabilities.
Dongjun “DJ” Choi, Group Chief Customer Officer at RAKBANK, stated: “We believe digital assets represent the future of efficient and secure financial management for our customers. This partnership is poised to fill a critical gap in the market by providing a trustworthy and regulated banking platform for digital assets. By combining our expertise, we aim to transform the traditional financial landscape, offering our customers broader opportunities in the digital assets space.”
Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions, added: “RAKBANK has a strong legacy of driving crypto innovation in the UAE, and we are eager to support their ambitions. Bitpanda Technology Solutions offers a fully modular and scalable infrastructure, allowing us to tailor products to meet our partners’ specific needs. This partnership is a prime example of the flexibility and innovation we bring to the table. Together, we will enhance crypto access for millions in the UAE and set the stage for future advancements.”
Bitpanda Technology Solutions is recognized as one of the most scalable digital assets infrastructure providers globally. With a strong regulatory framework and a broad international footprint, Bitpanda is trusted by some of the world’s leading financial institutions, banks, neobanks, and fintech companies.
About RAKBANK
RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C.), has been a cornerstone of the UAE banking sector since 1976. With a reputation for innovation and customer-centric service, RAKBANK is committed to delivering exceptional banking experiences. The bank is headquartered in Ras Al Khaimah, UAE, with the Government of Ras Al Khaimah holding the majority of its publicly traded shares on the Abu Dhabi Securities Exchange (ADX).
RAKBANK offers a comprehensive range of Personal, Wholesale, and Business Banking services, supported by 21 branches and advanced digital banking solutions. Through its Islamic Banking unit, RAKislamic, the bank provides Sharia-compliant services to meet the diverse needs of its customers.
For more information, please visit www.rakbank.ae.
About Bitpanda Technology Solutions
Bitpanda Technology Solutions is a leading provider of scalable digital assets infrastructure, serving Europe and global markets. The platform enables FinTechs, traditional banks, and online platforms to offer regulated trading, investment, and custody services for a wide range of assets, including stocks, ETFs, cryptocurrencies, precious metals, and commodities. Bitpanda’s fully modular platform can be integrated via a state-of-the-art API or offered as a white label solution, ensuring flexibility and security for its partners.
For more information, please visit www.bitpanda.com.
