Arab Bank Switzerland announced they have chosen Tezos to cooperate on compliant, innovative on-chain digital financial products. The bank has introduced top-grade storage, trading, and staking services for Tezos’ native token.
The banking organization, founded in 1962, has selected Tezos to develop a new set of “innovative and compliant” on-chain digital financial products.
The private bank will also allow its customers to stake, store, and trade the XTZ token on its institutional-grade platforms.
“Digital assets are a cornerstone of our strategy, requiring strong agility while complying with the highest security standards. Our mission is to bridge tradition and cutting-edge innovation. Tezos, with its scalability, high-quality governance, and staking possibilities, fits perfectly within our vision.” – commented Rani Jabban – Managing Director of the bank.
As a seamlessly upgradable, security-focused, and energy-efficient ecosystem running on an open-source Proof of Stake blockchain, Tezos is uniquely positioned to power the future of financial services products.
A privately-owned bank with more than five decades of history, Arab Bank Switzerland offers top-tier digital assets custody and trading solutions. It provides customized services to HNWI, financial institutions, and corporate clients seeking exposure to digital assets. Their launch of Tezos custody, staking, and trading services further plants them as one of Switzerland’s pioneers in digital asset financial services.
Arab Bank Switzerland has been offering secure and easy digital asset solutions since 2019 when it received permission from FINMA to provide digital asset services.
Rani Jabban, Managing Director of Arab Bank Switzerland, said:
“As a pioneer in the private banking industry, having started our digital assets services in 2019, we will always endeavor to offer best-of-class assets and financial services to our clients. Digital Assets are a cornerstone of our strategy, requiring strong agility while complying with the highest security standards. Our mission is to bridge tradition and cutting-edge innovation. Tezos, with its scalability, high-quality governance, and staking possibilities, fits perfectly within our vision”
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