A partnership between the Al Maryah Community Bank and “MidChains”

A partnership between the Al Maryah Community Bank and “MidChains”

Abu Dhabi: Al Maryah Community Bank, the leading digital bank in the United Arab Emirates, and “MidChains Limited”, the digital asset trading platform based in Abu Dhabi, signed an agreement aimed at providing a secure channel for investing and trading cryptocurrencies and digital assets through the bank’s establishment of escrow accounts in UAE dirhams to protect investors’ funds on cryptocurrency trading platforms and boost their trust, this comes as a continuation of the bank’s success in supporting and enriching digital investment avenues.

In the presence of Her Excellency Meera Sultan Al Suwaidi, member of the Board of Directors of Al Maryah Community Bank, the agreement was signed by Mohammed Wassim Khayatah, CEO of Al Maryah Community Bank, and Basil Al-Askari, CEO of MidChains Limited, during the Abu Dhabi Financial Week activities.

Within the framework of this cooperation, Al Maryah Community Bank seeks to support cryptocurrency trading platforms by using artificial intelligence technologies to automate transfers of Escrow accounts while purchasing and trading transactions according to the highest standards of safety, reliability, and transparency, and to accommodate the needs of investors and enhance the trust in the cryptocurrency market. This will be monitored by the Central Bank of the United Arab Emirates and