CoinMENA FZE, a VARA (Virtual Assets Regulatory Authority)-licensed broker-dealer providing virtual asset services in the MENA region, has announced a strategic relationship with Standard Chartered, marking a significant step in strengthening the fiat payment infrastructure that supports its growing customer base.
The partnership supports customer money account services and fiat payment infrastructure, reflecting the growing integration of regulated digital asset firms with established financial institutions as the UAE’s digital asset ecosystem continues to evolve, according to a press communication.
Banking capabilities
Under the agreement, CoinMENA FZE will utilise Standard Chartered’s banking capabilities to deliver seamless fiat on- and off-ramp flows for customers. The solution combines safeguarded client money accounts, high-speed settlement rails, and virtual account-based transaction management to support faster funding, more efficient settlements, and increased transaction transparency.
“As the sector continues to mature, trusted banking infrastructure will remain essential to supporting its long-term development. We look forward to supporting CoinMENA’s growth in the UAE,” commented Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan, Standard Chartered.
“We believe the industry’s future depends on strong banking, regulatory, and operational foundations, not just technology. Partnering with Standard Chartered reinforces that vision and supports our continued investment in institutional-grade infrastructure for customers in MENA,” CoinMENA Group Co-founders Dina Sam’an and Talal Tabbaa said in a joint statement.
