{"id":11707,"date":"2021-10-05T22:11:43","date_gmt":"2021-10-05T21:11:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11707"},"modified":"2021-10-05T22:59:35","modified_gmt":"2021-10-05T21:59:35","slug":"tezos-blockchain-partners-with-arab-bank","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tezos-blockchain-partners-with-arab-bank\/","title":{"rendered":"Tezos blockchain sets to facilitate Arab Bank’s institutional custody service"},"content":{"rendered":"\n
Arab Bank Switzerland<\/a> stated Tuesday that it will integrate staking, trading, and custody services onto the Tezos blockchain's native token (XTZ).<\/h5>\n\n\n\n
\"Tezos<\/figure>\n\n\n\n

Tezos teamed with the 50-year-old establishment in the hopes of profiting from the ecosystem's innate focus \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>on energy conservation, low-gas fees, and quick renovations.<\/p>\n\n\n\n

Following the launch, Rani Jabban, Managing Director of Arab Bank Switzerland, commented on the institution's goals:<\/p>\n\n\n\n

\u201cDigital Assets are a cornerstone of our strategy, requiring strong agility while complying with the highest security standards. Our mission is to bridge tradition and cutting-edge innovation. Tezos, with its scalability, high quality governance, and staking possibilities, fits perfectly within our vision.\u201d<\/p><\/blockquote>\n\n\n\n

Over the last several years, Swiss banking institutions have become major spearheads for the global crypto community's embrace of digital assets, owing to the country's lax regulatory rules.<\/p>\n\n\n\n

SEBA Bank AG, a fellow Swiss bank, was one of the world's first digital asset banks<\/a> to be given a CISA license by FINMA to facilitate a premium-grade custodial service for Swiss collective investment schemes just last week.<\/p>\n\n\n\n

According to Cointelegraph Markets' data, the Tezos token (XTZ) has continued to rise this week, climbing 45.50 percent after a parabolic few months for the asset.<\/p>\n\n\n\n

Much of this technological progress can be attributed to the platform's NFT facilitation last month, which prompted a collaboration with US singer Doja Cat.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arab Bank Switzerland stated Tuesday that it will integrate staking, trading, and custody services onto the Tezos blockchain’s native token (XTZ). Tezos teamed with the 50-year-old establishment in the hopes of profiting from the ecosystem’s innate focus on energy conservation, low-gas fees, and quick renovations. Following the launch, Rani Jabban, Managing Director of Arab Bank […]<\/p>\n","protected":false},"author":12,"featured_media":11712,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130,21],"tags":[4909,569,4908],"class_list":["post-11707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-news","tag-arab-bank","tag-switzerland","tag-tezos-blockchain"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/Tezos-blockchain-sets-to-facilitate-Arab-Banks-institutional-custody-service-2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11707"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11712"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}