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Friday, 30 October 2026 Dubai · GST
UAE, UNFILTERED
ZA
ROBIUS / BROKER PROFILE

Zand Digital Asset Custody

Zand Bank P.J.S.C.

VARASelect assessmentFresh
Primary licence checkedSeptember 24, 2026Checked 35 days ago.
THE ROBIUS VIEW

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Zand is a distinctive bank-plus-VASP infrastructure node: the same UAE bank provides regulated institutional digital-asset custody with onshore key infrastructure while remaining separately supervised for banking.

DECISION BRIEF

What this record means

A concise reading of the structured evidence, written for practical decision-making.

01
Why it matters

Zand is a distinctive bank-plus-VASP infrastructure node: the same UAE bank provides regulated institutional digital-asset custody with onshore key infrastructure while remaining separately supervised for banking.

02
Account and customer reality

Zand Bank P.J.S.C. directly provides its regulated Digital Asset Custody service to eligible corporate and institutional customers, alongside its separate CBUAE-regulated banking activities. · Zand states that client digital assets are segregated from Zand's own assets and private keys are protected in onshore UAE Hardware Security Modules. Its custody FAQ describes the assets as bankruptcy-remote based on UAE law and VARA custody rules. · Institutional-grade virtual-asset custody integrated with Zand's UAE banking infrastructure; current partnerships also connect Zand custody with tokenisation platforms such as Tokinvest.

03
What to verify before acting

The VARA permission is for Custody Services only and is limited to Institutional Investors and Qualified Investors. Zand's CBUAE banking supervision and VARA custody permission are separate regulatory perimeters; banking authorisation should not be read as permission for wider virtual-asset activities.

Evidence strengthNeeds review

Important evidence or freshness checks are incomplete.

Last checkedSeptember 24, 2026
Next reviewNovember 8, 2026
EVIDENCE CHECK

How the assessment is supported

  • Primary evidence linked1 official source is attached.
  • Freshness checkChecked 35 days ago.
  • Editorial publication gateThis public version passed the system publication requirements.
  • Material changes preservedNo material update has been recorded after the baseline.
01

Primary sourceLinked evidence on vara.ae

02

Editorial checkReviewed September 24, 2026

03

Next triggerRoutine evidence refresh

RELATIONSHIP INTELLIGENCE

How this record connects

Explore editorially mapped links, inbound connections and clearly labelled context derived from the published record.

2 connections shownA mapped connection is not an endorsement. Evidence and relationship context remain record-specific.
UAE REGULATORY FOOTPRINT

Each licence, entity, and customer role

A brand may use several UAE legal entities. Robius records each permission separately and identifies the primary customer-facing licence.

VARAPrimary customer-facing licence

Zand Bank P.J.S.C.

Status

Licensed

Licence number

VL/2024/12/001

Licence type

VASP Licence — Custody Services

Customer relevance

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Permitted activities

Virtual Asset Custody Services for Institutional and Qualified Investors.

What this means for customers

Zand directly provides institutional digital-asset custody and states assets are segregated from bank assets with private keys protected in onshore UAE HSMs.

Open official regulator record ↗
ACCOUNT AND PRODUCT REALITY

What the record currently shows

verified

Entity holding the client account

Zand Bank P.J.S.C. directly provides its regulated Digital Asset Custody service to eligible corporate and institutional customers, alongside its separate CBUAE-regulated banking activities.

Client-fund jurisdiction

Zand states that client digital assets are segregated from Zand's own assets and private keys are protected in onshore UAE Hardware Security Modules. Its custody FAQ describes the assets as bankruptcy-remote based on UAE law and VARA custody rules.

Products offered

Institutional-grade virtual-asset custody integrated with Zand's UAE banking infrastructure; current partnerships also connect Zand custody with tokenisation platforms such as Tokinvest.

SOURCE RECORD

Official information

Every regulatory link is tied to a specific UAE entity and permission. Read the customer relevance before assuming a licence covers your account, funds, or assets.

Open VARA record ↗Open company website ↗
RELATED INTELLIGENCE

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RECORD HISTORY

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  1. Evidence review
    Source checked

    The supporting evidence was reviewed.

    Robius checked the linked primary source and preserved the current public assessment.

  2. Public baseline
    Published record

    The first verified public version was established.

    Later material edits appear above this baseline. Routine formatting changes are not shown.

Editorial and commercial disclosure

No commercial relationship is recorded for this profile. Commercial relationships cannot change a Robius verdict, ranking, factual conclusion, or omission of material risk.