ZA Bank Rolls Out Dedicated Services for Stablecoin Issuers

In a groundbreaking move for the Web3 sector, ZA Bank today announced the launch of dedicated banking services for stablecoin issuers, offering unparalleled security for fiat reserves. This initiative marks a significant leap in ZA Bank’s “Banking for Web3” vision and signals a new era of financial innovation. Throughout 2023, ZA Bank has witnessed remarkable achievements in the Web3 ecosystem, cementing its position as a leading player in the industry. Highlights of ZA Bank’s Web3 achievements include:

• Surpassing USD 1 billion in transfer turnover from Web3 clients1
• Securing over 80% 2 of Virtual Asset Trading Platform (VATP) clients' banking needs in Hong Kong
• Onboarding more than 100 diverse and esteemed Web3 companies, establishing ZA Bank as the preferred banking partner for businesses operating in this rapidly evolving landscape

ZA Bank Alternate Chief Executive Devon Sin said: “Our commitment to stablecoin issuers is a testament to our dedication to the Web3 ecosystem. The past year has seen ZA Bank emerge as the unrivalled pioneer in Web3 banking.” “With our new dedicated client accounts, we are tackling the unique challenges of stablecoin issuers head-on, promoting the growth and stability of the Web3 economy,” Sin added. ZA Bank’s current business banking solution offers a comprehensive range of functionalities, catering to diverse financial needs. From FX services to seamless fund transfers, convenient payroll management, and various time deposit options, the Bank provides a robust and all-encompassing banking experience for users. For more information about ZA Bank's Web3 banking services or to discuss partnership opportunities, please download ZA Bank App; visit our website bank.za.group/en/business; or contact our Web3 banking team directly at business@za.group.