Ripple Secures Major UAE Bank Alliance to Bolster Digital Asset Infrastructure

crypthub

about 3 hours ago

Strategic Partnership Overview

Ripple announced an expanded alliance with Zand, a UAE‑based AI‑driven digital bank. The collaboration aims to boost the UAE’s digital‑asset and blockchain ecosystem. Both firms see the partnership as a step toward positioning the country as a regional hub for on‑chain innovation.

Stablecoin Collaboration

Zand’s dirham‑backed stablecoin AEDZ and Ripple’s US‑dollar stablecoin RLUSD will be integrated across new initiatives. The goal is to build infrastructure that links traditional finance with regulated on‑chain services. Plans include supporting RLUSD within Zand’s custody platform and creating direct liquidity between the two tokens.

XRPL Deployment and Compliance

The partnership will explore issuing AEDZ on the XRP Ledger (XRPL) and ensuring seamless liquidity between the stablecoins. Any XRPL deployment will incorporate compliance standards, monitoring tools, and risk‑management controls. This effort is designed to meet regulatory requirements while advancing blockchain usage.

Impact and Market Context

Zand’s CEO highlighted stablecoins, blockchain, and tokenisation as essential for the shift of finance onto-chain. Ripple’s involvement is seen as a milestone for the UAE digital‑asset ecosystem and could reshape government‑business interactions. At the time of writing, XRP traded around $1.40, down significantly from its all‑time high.