{"id":348750,"date":"2021-10-05T18:45:00","date_gmt":"2021-10-05T15:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/arab-bank-has-chosen-tezos-to-facilitate-institutional-custody-service\/"},"modified":"2021-10-05T18:45:00","modified_gmt":"2021-10-05T15:45:00","slug":"arab-bank-has-chosen-tezos-to-facilitate-institutional-custody-service","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/arab-bank-has-chosen-tezos-to-facilitate-institutional-custody-service\/","title":{"rendered":"# Arab Bank has chosen Tezos to facilitate institutional custody service"},"content":{"rendered":"

“# Arab Bank has chosen Tezos to facilitate institutional custody service <\/strong>”
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Arab Bank Switzerland announced Tuesday that it will integrate staking, trading and custody services onto the Tezos blockchain\u2019s native token (XTZ) in a bid to provide a digital asset environment for institutions, corporations and high net-worth individuals.\u00a0<\/p>\n

The 50-year old establishment partnered with Tezos in the hope of benefiting from the ecosystem’s inherent focus on energy conservation, low-gas fees and fast upgrades.\u00a0<\/p>\n

Managing Director of Arab Bank Switzerland, Rani Jabban commented on the institution\u2019s ambitions following the announcement:<\/p>\n

\u201cDigital 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.\u201d<\/p><\/blockquote>\n

Related: Tezos risks correction below record high with XTZ rallying 250% since July<\/em><\/strong><\/p>\n

Swiss banking institutions have become prominent spearheads for the global crypto community\u2019s adoption of digital assets over the past few years, benefiting from the country’s lenient policies on regulation. <\/p>\n

Just last week, fellow Swiss banking institution, SEBA Bank AG became one of the world\u2019s first digital asset banks to be granted the app<\/a>roval of a CISA license from FINMA to facilitate a premium-grade custodial service for Swiss collective investment schemes.<\/p>\n

Analytical data from Cointelegraph Markets reveals that the Tezos token has experienced a continuation of bullish growth this week, rising 45.50% following a parabolic couple of months for the asset. Much of this technical momentum is due to the platform’s nonfungible (NFT) facilitation last month \u2014 a move that encouraged a partnership with U.S. musician Doja Cat. <\/p>\n