Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Digital assets news
  3. CBI partners with Zumo
Digital assets news

CBI partners with Zumo


31 October 2024 UAE
Reporter: Jack McRae

Generic business image for news article
Image: CBI
Commercial Bank International (CBI), has signed a memorandum of understanding (MOU) with Zumo.

The partnership will enable both firms to explore the tracking of digital asset sustainability. They say this will mark a “significant step in CBI’s commitment to furthering innovation and offering cutting-edge digital solutions to its clients.”

The partnership aims to support the UAE’s ambition to integrate blockchain into its financial ecosystem.

Giovanni Everduin, chief strategy and innovation officer of CBI, says: “We look forward to collaborating with Zumo to become one of the first banks in the world to provide carbon footprint insights with carbon offsetting for digital assets.

“This revolutionary capability will ensure that, as digital assets become further embedded within the financial ecosystem, customers and institutions have the required tools and data to ensure their sustainability goals are tracked and achieved.”

Clark Povey, chief operating officer of Zumo, adds: “Our collaboration with CBI will see Zumo’s pioneering digital assets and blockchain technology complement CBI’s financial expertise and innovative approach to drive sustainability.”
Next digital assets article →

Haruko integrates with Zodia Custody
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →