Arab Bank Switzerland announced that it has selected Tezos (XTZ / USD) to collaborate on compliant, innovative digital on-chain financial products, Invezz learned from a press release. The bank has introduced world-class storage, trading and staking services for the Tezos native token.
As a seamlessly expandable, security-focused, and energy-efficient ecosystem that runs on an open-source proof-of-stake blockchain, Tezos is uniquely positioned to drive the future of financial services products.
Arab Bank Switzerland offers custody and trading solutions for digital assets on an institutional level
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As a private bank with more than five decades of history, Arab Bank Switzerland offers first-class custody and trading solutions for digital assets. It offers bespoke services for HNWI, financial institutions and corporate clients looking for exposure to digital assets. The introduction of Tezos custody, staking and trading services makes them one of the pioneers in Switzerland in the field of digital asset financial services.
Arab Bank Switzerland has been offering secure and simple solutions for digital assets since 2019, when it received approval from FINMA to provide services for digital assets.
Rani Jabban, Managing Director of Arab Bank Switzerland, said:
As a pioneer in the private banking industry, which started in 2019 with our Digital Assets Services, we will always strive to offer our customers first-class assets and financial services. Digital assets are a cornerstone of our strategy and require strong agility while maintaining the highest security standards. Our mission is to combine tradition and innovative innovation. With its scalability, high-quality governance and staking capabilities, Tezos fits perfectly into our vision.
Based on low gas charges, efficient DEXs and cross-chain utilities
Tezos is built on low gas tariffs, efficient centralized exchanges, cross-chain utilities, dynamic NFT platforms, protocols for income farming and more. With over 3.2 million contract calls in August alone, it is one of the fastest growing ecosystems. It is possible to upgrade to Tezos based on suggestions from participants in the network. You vote, approve and provide them without hard forks.
Network upgrades have improved token standards and increased transaction speeds
The unique upgrade mechanism ensures improved functionality over time while minimizing disruptions. Tezos has gone through seven network upgrades that have increased the speed of transactions on the blockchain, improved standards and reduced gas charges by up to 70%.
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