RAKBANK, a government-owned bank in the UAE, has partnered with Bitpanda Technology Solutions to develop a digital asset management platform for UAE residents. The initiative reflects RAKBANK's belief in digital assets as a secure and efficient future for financial management. The platform, pending approval from the UAE Central Bank, aims to fill a market gap by providing regulated digital asset services. This collaboration allows RAKBANK to leverage Bitpanda's expertise without needing in-house infrastructure. The move aligns with the UAE's broader ambitions to foster innovation in crypto and digital assets through initiatives like the RAK Digital Assets Oasis.