botim money, the financial services arm of botim, has signed a Memorandum of Understanding with Binance to explore ways of providing digital asset access to users in the UAE. The agreement was announced during Binance Blockchain Week in Dubai and marks a significant step in the continued integration of cryptocurrency into mainstream financial services across the region.
The MoU supports botim’s shift from a communications-led app into a broader fintech platform that allows users to pay, transfer and invest within a single ecosystem. The company says the partnership with Binance, the world’s largest blockchain ecosystem and crypto exchange, will help identify practical solutions that combine Binance’s expertise in digital assets with botim’s fast-growing financial infrastructure.
Both organisations will study how potential services could operate safely and compliantly within the UAE’s regulatory frameworks. The UAE has been developing structured rules for digital assets and is regarded as one of the most active markets worldwide for responsible financial innovation.
Binance, botim unite for crypto access
A key focus of the exploratory partnership is increasing access to digital assets for underserved and unbanked communities. botim money already enables users who face barriers in traditional banking systems to move money more easily, and the partnership will assess how crypto access could be added through regulated channels.
Catherine Chen, Head of VIP and Institutional at Binance, said: “Crypto is no longer a niche asset class and it is increasingly becoming integrated into everyday financial services. Our collaboration with botim money to make digital assets accessible to botim’s tech-savvy customers exemplifies this shift. The UAE is taking exciting steps to connect traditional finance with digital assets, and we are pleased to keep supporting the local community and ecosystem.”
Sacha Haider, Chief Strategy Officer of Astra Tech | botim, said: “Our international and national P2P rails support large and growing transaction flows every day, showing how deeply integrated botim money has become in people’s financial lives. Unlocking crypto capabilities with Binance allows us to build on this foundation and offer customers new ways to engage with the digital economy. Our focus remains on giving people simple and secure tools to manage and grow their money.”
The signing at Binance Blockchain Week underscores Dubai’s growing position as a global hub for blockchain development and digital finance.
