Geneva, Dubai, 24 November 2025— Taurus is proud to support Zand in launching the first AED-backed stablecoin on a public blockchain, approved by the Central Bank of the United Arab Emirates. This launch marks a major milestone for the UAE’s digital asset ecosystem and builds on the partnership formed in 2024, with Taurus providing the technology used for issuance and wallets.

The stablecoin is fully backed one to one with AED reserves held in regulated and segregated UAE accounts. It is authorized for use on public blockchain networks under a clear supervisory framework and will undergo ongoing audits to maintain transparency and full redeemability.

To meet the regulatory and technical demands of the project, Zand leveraged the tokenization and wallet capabilities provided by Taurus:

• With Taurus-CAPITAL, Zand manages issuance with controlled lifecycle processes, smart contract oversight and full traceability across multiple public blockchains.
• With Taurus-PROTECT, Zand secures the underlying assets using segregated environments, strong governance rules and continuous monitoring designed to meet the expectations of the UAE’s regulatory framework.

The Central Bank approval followed a detailed assessment of reserve management, operational controls and consumer protection measures. The stablecoin is designed to support cross border payments, settlement flows, digital commerce, future tokenized financial instruments, and more.

Bashir Kazour, Managing Director at Taurus, said: “This milestone is important for the UAE because it brings a regulated digital dirham to the market for the first time. We’re glad our technology supported that effort. Congratulations to Zand for turning this project into reality.”

About Taurus SA

Founded in 2018, Taurus is a Switzerland-based financial technology company providing enterprise-grade digital asset infrastructure, with 13 offices around the world. It offers services for issuing, storing, and trading all types of digital assets, including cryptocurrencies, tokenized assets, and stablecoins. Additionally, Taurus operates a marketplace for private assets and tokenized securities and is a securities firm regulated and supervised by FINMA. For more information, visit https://www.taurushq.com

About Zand

Licensed by the Central Bank of the UAE and rated BBB+ investment grade by Fitch Ratings, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy.

Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank.

Zand, the AI-powered bank for the digital economy.

For more information, please visit www.zand.ae. For media inquiries, please email: [email protected]

Taurus News Markets Technology

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Geneva, Dubai, 24 November 2025— Taurus is proud to support Zand in launching the first AED-backed stablecoin on a public blockchain, approved by the Central Bank of the United Arab Emirates. This launch marks a major milestone for the UAE’s digital asset ecosystem and builds on the partnership formed in 2024, with Taurus providing the technology used for issuance and wallets.

The stablecoin is fully backed one to one with AED reserves held in regulated and segregated UAE accounts. It is authorized for use on public blockchain networks under a clear supervisory framework and will undergo ongoing audits to maintain transparency and full redeemability.

To meet the regulatory and technical demands of the project, Zand leveraged the tokenization and wallet capabilities provided by Taurus:

• With Taurus-CAPITAL, Zand manages issuance with controlled lifecycle processes, smart contract oversight and full traceability across multiple public blockchains.
• With Taurus-PROTECT, Zand secures the underlying assets using segregated environments, strong governance rules and continuous monitoring designed to meet the expectations of the UAE’s regulatory framework.

The Central Bank approval followed a detailed assessment of reserve management, operational controls and consumer protection measures. The stablecoin is designed to support cross border payments, settlement flows, digital commerce, future tokenized financial instruments, and more.

Bashir Kazour, Managing Director at Taurus, said: “This milestone is important for the UAE because it brings a regulated digital dirham to the market for the first time. We’re glad our technology supported that effort. Congratulations to Zand for turning this project into reality.”

About Taurus SA

Founded in 2018, Taurus is a Switzerland-based financial technology company providing enterprise-grade digital asset infrastructure, with 13 offices around the world. It offers services for issuing, storing, and trading all types of digital assets, including cryptocurrencies, tokenized assets, and stablecoins. Additionally, Taurus operates a marketplace for private assets and tokenized securities and is a securities firm regulated and supervised by FINMA. For more information, visit https://www.taurushq.com

About Zand

Licensed by the Central Bank of the UAE and rated BBB+ investment grade by Fitch Ratings, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy.

Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank.

Zand, the AI-powered bank for the digital economy.

For more information, please visit www.zand.ae. For media inquiries, please email: [email protected]

Taurus News Markets Technology

Share on

Geneva, Dubai, 24 November 2025— Taurus is proud to support Zand in launching the first AED-backed stablecoin on a public blockchain, approved by the Central Bank of the United Arab Emirates. This launch marks a major milestone for the UAE’s digital asset ecosystem and builds on the partnership formed in 2024, with Taurus providing the technology used for issuance and wallets.

The stablecoin is fully backed one to one with AED reserves held in regulated and segregated UAE accounts. It is authorized for use on public blockchain networks under a clear supervisory framework and will undergo ongoing audits to maintain transparency and full redeemability.

To meet the regulatory and technical demands of the project, Zand leveraged the tokenization and wallet capabilities provided by Taurus:

• With Taurus-CAPITAL, Zand manages issuance with controlled lifecycle processes, smart contract oversight and full traceability across multiple public blockchains.
• With Taurus-PROTECT, Zand secures the underlying assets using segregated environments, strong governance rules and continuous monitoring designed to meet the expectations of the UAE’s regulatory framework.

The Central Bank approval followed a detailed assessment of reserve management, operational controls and consumer protection measures. The stablecoin is designed to support cross border payments, settlement flows, digital commerce, future tokenized financial instruments, and more.

Bashir Kazour, Managing Director at Taurus, said: “This milestone is important for the UAE because it brings a regulated digital dirham to the market for the first time. We’re glad our technology supported that effort. Congratulations to Zand for turning this project into reality.”

About Taurus SA

Founded in 2018, Taurus is a Switzerland-based financial technology company providing enterprise-grade digital asset infrastructure, with 13 offices around the world. It offers services for issuing, storing, and trading all types of digital assets, including cryptocurrencies, tokenized assets, and stablecoins. Additionally, Taurus operates a marketplace for private assets and tokenized securities and is a securities firm regulated and supervised by FINMA. For more information, visit https://www.taurushq.com

About Zand

Licensed by the Central Bank of the UAE and rated BBB+ investment grade by Fitch Ratings, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy.

Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank.

Zand, the AI-powered bank for the digital economy.

For more information, please visit www.zand.ae. For media inquiries, please email: [email protected]

Taurus News Markets Technology

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