• Side has partnered with Ajman Financial institution to develop Shariah-compliant tokenized belongings, stablecoins, and transactions for people and establishments within the UAE.
  • The financial institution makes use of Side’s white label stack for custody, wallets, KYC and AML, in addition to non-public institutional desks and stablecoin cost rails.
  • Separation of buyer funds and full compliance purpose to hurry cross-border funds and broaden entry to real-world belongings that meet Islamic finance guidelines.

Side and Ajman Financial institution have signed a memorandum of understanding to launch an built-in digital asset service that’s compliant with Shariah ideas. The deployment targets each retail and institutional prospects within the UAE and overseas, primarily based on tokenized real-world belongings, a regulated stablecoin framework, and safe transaction entry by banks.

Merchandise and rails

Underneath the settlement, Ajman Financial institution will make use of Side’s infrastructure to supply tokenized RWAs similar to Shariah-compliant ETFs and gold-backed loans.

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The plan consists of Islamic finance vetted staking merchandise, a non-public institutional buying and selling desk for block and programmatic buying and selling, and a stablecoin cost resolution to enhance cross-border cost speeds and prices.

Compliance, storage, and buyer safety

Side supplies end-to-end white-label elements: safe pockets options, custody, transaction monitoring, and built-in KYC and AML controls.

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Ajman Financial institution will open buyer funds accounts individually from working accounts to satisfy UAE regulatory necessities and supply better safety of funds.

Why it issues for UAE banks

This partnership positions main Islamic banks to bridge the hole between conventional banking and tokenized finance with clear compliance controls.

By integrating blockchain right into a Shariah-compliant working mannequin, the companions purpose to broaden entry to screened RWA, allow quicker funds on stablecoin rails, and supply monetary establishments with a regulated path to liquidity for digital belongings.

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