Standard Chartered to Become CoinMENA’s Banking Partner in the UAE
Crypto platform CoinMENA entered into a partnership with Standard Chartered to support client money accounts and fiat settlement infrastructure. The agreement reflects growing ties between regulated digital asset firms and major traditional banks in the UAE.
CoinMENA FZE, a VARA-licensed virtual asset broker-dealer, announced a strategic partnership with Standard Chartered in the UAE. The agreement is designed to strengthen fiat payment infrastructure and simplify deposits and withdrawals for the company’s clients.
Under the partnership, CoinMENA will leverage Standard Chartered’s banking capabilities to enable faster and more transparent fiat transactions. The solutions include:
- secure client money accounts;
- high-speed settlement channels;
- virtual account-based transaction management.
According to the company, the partnership will accelerate account funding, improve settlement efficiency, and enhance transaction transparency. The integration is also expected to strengthen CoinMENA’s scalability, support liquidity settlements with approved global counterparties, and improve the overall efficiency of fiat infrastructure within a regulated ecosystem.
Rola Abu Manneh, Chief Executive Officer in UAE, Middle East and Pakistan at Standard Chartered, said the United Arab Emirates had become one of the world’s leading regulatory environments for digital assets, creating new opportunities for collaboration between regulated firms and major financial institutions.
CoinMENA Group Co-Founders Dina Sam’an and Talal Tabbaa said the future of the industry depends not only on technology, but also on banking, regulatory, and operational foundations. They added that the partnership with Standard Chartered reinforces the company’s commitment to building institutional-grade infrastructure for clients across the MENA region.
CoinMENA said the agreement marked an important step in advancing banking integration for digital assets across the Middle East and North Africa and would further expand its range of secure services for a growing client base. Users from the region accounted for near 7.5% of global cryptocurrency transaction volume in 2024. According to a Chainalysis report, the MENA crypto market grew at an annual rate of about 33% in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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