Partnership to shape the future of blockchain-driven customs services
Dubai Customs has signed a strategic memorandum of understanding with Binance on the sidelines of the two-day Binance Blockchain Week 2025 in early December in Dubai, which brought together global leaders in technology and the digital economy.
The agreement reflects Dubai’s vision and global leadership in adopting advanced government technologies, strengthening public-private partnerships, and expanding the emirate’s position as a central global trade platform and a hub for the new economy and emerging tech startups.
The MoU was signed by HE Dr. Abdulla Busenad, Director General, Dubai Customs, and Stephanie Emile, General Manager, in Dubai, in the presence of senior officials from both sides.
A pioneering digital journey
This collaboration builds on Dubai Customs’ ongoing digital transformation, which includes a wide range of smart systems that have achieved high levels of automation in customs procedures.
The MoU marks a new step in expanding digital payment capabilities by integrating crypto assets into commercial and logistical transactions. Binance, one of the world’s largest platforms for digital assets and future payment solutions, provides advanced services including Binance Pay, enabling secure, fast, and borderless digital payments that enhance trade flow and accelerate investment cycles.
Digital payment solutions
The MoU aims to develop the UAE’s domestic payment ecosystem by integrating digital assets into commercial transactions and enabling the logistics sector to benefit from digital payments. It supports a flexible and innovative financial infrastructure through blockchain technologies that enhance transparency and reduce transaction time and costs.
Future financial landscape
“With this MoU, Dubai Customs is establishing a progressive economic model capable of meeting the requirements of the digital economy, creating an innovative business environment that supports Dubai’s ambitions and global competitiveness in fintech and smart payments,” commented HE Sultan Ahmed Bin Sulayem, Chairman and CEO, DP World and Chairman of Ports, Customs and Free Zone Corporation.
Modernizing customs systems
“Our collaboration with Binance opens a new chapter in developing digital payments by integrating crypto assets into commercial and logistics operations, enhancing operational efficiency, and increasing Dubai’s attractiveness as a global economic hub,” emphasized HE Dr. Abdulla Busenad, Director General, Dubai Customs
Innovative solutions
“We are proud to collaborate with Dubai Customs, a government entity recognized globally for adopting modern technologies. Through this MoU, we will jointly launch innovative solutions capable of making a tangible difference in the customs sector locally and globally, enhancing Dubai’s digital ecosystem and developing infrastructure,” assured Richard Teng, CEO, Binance.
