Swiss Firm Arab Bank Chooses Tezos as Its Partner in Facilitating Its Upcoming Custody Service for Institutions

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This Tuesday, Swiss-based firm Arab Bank announced that it had chosen Tezos blockchain to help facilitate its upcoming crypto custodial services targeting major corporations, institutional investors, and high-income personalities.

According to the announcement, Arab Bank intends to integrate trading, staking, and custody services within Tezos in the hopes of taking advantage of the blockchain’s comprehensive focus on low-gas fees, energy conservation, and rapid upscale.

Rani Jabban, Arab Bank’s managing director, commented on this development by stating that digital assets are undeniably one of the major catalysts of their business strategy. He adds that their mission is to connect traditional financing with today’s most exciting innovations, and none signifies that better than introducing crypto-based services.

As for why Arab Bank ultimately chose Tezos, Jabban states that the blockchain’s high-quality governance, overall scalability, and appealing staking services fit perfectly with how they envision their respective services moving forward.

Arab Bank’s push for more participation in the crypto space further reinforces Switzerland-based banking institutions’ spearheading stature within the overall crypto community in digital assets adoption. While crypto advances by banks have been apparent on a global scale, Switzerland’s lenient regulation policies on digital assets are what’s pushing them ahead of the particular race.

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