Yes for licensed businesses and institutions, no for individuals.
| Criterion | Score | Source |
|---|---|---|
| Accepts exchange transfers | yes (2) | source · checked 8 September 2026 |
| Stablecoin off-ramp | yes (2) | source · checked 8 September 2026 |
| Business accounts for Web3 | yes (2) | source · checked 8 September 2026 |
| Custody | yes (2) | source · checked 8 September 2026 |
| Staking and yield | no (0) | source · checked 8 September 2026 |
| Card | no (0) | source · checked 8 September 2026 |
| Multiple jurisdictions | no (0) | source · checked 8 September 2026 |
| Open to retail | no (0) | source · checked 8 September 2026 |
Total 8 of 16. Yes scores 2, partial 1, no 0. A secondary source is press or a third party rather than the bank or its regulator. Unverified means no source could be found; the score stands until one is.
| Jurisdiction | UAE · Dubai |
| Type | Business banking |
| Health tag | Solid CBUAE-licensed, Fitch BBB+ investment grade in 2025, clean record. One caveat: the bank is barely three years old. · checked 26 August 2026 |
| Last verified | 14 September 2026 |
| 2022 | Central Bank of the UAE granted Zand Bank PJSC a full banking licence on 30 June 2022. The bank opened to corporate customers first and said personal banking would follow. source |
| 2024 | VARA licensed Zand for Custody Services on 9 December 2024 (VL/2024/12/001), permitted to serve institutional and qualified investors only. source |
| 2025 | Fitch assigned BBB+ with a stable outlook in June 2025. In November 2025 the CBUAE approved Zand to launch AEDZ, a dirham stablecoin issued by subsidiary Zand Trust on public blockchains. source |
| 2026 | On 25 August 2026 Zand announced expanded USDC support, adding a regulated corridor between its AEDZ dirham stablecoin and Circle's USDC for eligible business clients. source |
No. Zand banks companies and institutions only. Its general terms cover business accounts and the stablecoin service settles into a corporate current account. The bank said in 2022 that personal banking would come later, but as of September 2026 it has not launched.
Zand has one announced exchange link. Since August 2025 clients can move fiat between a Zand account and a CoinMENA FZE wallet, with conversion into crypto and stablecoins on the exchange side. Zand also banks licensed VASPs and exchanges directly. Nothing on the site addresses transfers to Kraken or Coinbase, so ask before you rely on it.
Yes, if you are a business client. ZandMint buys, sells and redeems AEDZ, USDT and USDC against your AED current account, and converts between them. Pricing includes a spread set by the bank and there is no published rate card.
Yes, for institutional and qualified investors under a Dubai VARA custody licence granted in December 2024. Supported assets include BTC, ETH, SOL, XRP, XLM and USDC, USDT and RLUSD on Ethereum. Keys sit in onshore UAE hardware security modules and each client gets segregated wallets. Fees are tiered and quoted privately.