ZA Bank rolls out services for stablecoin issuers

The services will offer increased security for fiat reserves and will mark a big step in ZA Bank’s Banking for Web3 vision

ZA Bank has announced the launch of dedicated banking services for stablecoin issuers. This announcement will offer increased security for fiat reserves. This initiative marks a significant leap in ZA Bank’s Banking for Web3 vision.

ZA Bank has witnessed an eventful year in 2023. Highlights of ZA Bank’s Web3 achievements include the company surpassing $1bn in transfer turnover from Web3 clients. It also secured over 80% of Virtual Asset Trading Platform (VATP) clients’ banking needs in Hong Kong.

Furthermore, ZA Bank was able to onboarding more than 100 diverse and esteemed Web3 companies, establishing ZA Bank as the preferred banking partner for businesses operating in this rapidly evolving landscape

ZA Bank Alternate Chief Executive Devon Sin said: “Our commitment to stablecoin issuers is a testament to our dedication to the Web3 ecosystem. The past year has seen ZA Bank emerge as the unrivalled pioneer in Web3 banking.”

“With our new dedicated client accounts, we are tackling the unique challenges of stablecoin issuers head-on, promoting the growth and stability of the Web3 economy.”

ZA Bank’s current business banking solution offers a comprehensive range of functionalities, catering to diverse financial needs. From FX services to seamless fund transfers, convenient payroll management, and various time deposit options, the Bank provides a robust and all-encompassing banking experience for users.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Retail Banker International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This year ZA Bank launched its US stock solution. This came as part of its commitment to tech-driven innovation and financial solutions.

By trading US stocks vis ZA Invest, bank users can enjoy a commission nearly six times lower than the market average, according to the firm. In addition, ZA Bank customers can make US trades directly without the fuss of making transfers, where transactions are directly debited or credited to their savings accounts.