Robo.ai and Zand Bank Sign MOU to Advance Machine Economy Fintech in the Middle East

Robo.ai has signed a strategic Memorandum of Understanding with Zand Bank, the Middle East’s first fully digital bank, announced in a press release. The collaboration will integrate Robo.ai’s intelligent hardware ecosystem with Zand Bank’s regulated digital financial system to support AED stablecoin payments, IoT asset custody, and real-world asset tokenization.

The agreement aims to enable automated transactions between humans and machines by embedding Zand Bank’s AED stablecoin within Robo.ai’s IoT devices. This will allow for near-instant settlements in human-to-machine and machine-to-machine interactions. The partnership also includes secure digital asset custody using Zand Bank’s compliant wallets and identity authentication solutions.

Additionally, the companies plan to tokenize physical assets such as smart vehicles and logistics equipment to improve liquidity through fractional on-chain ownership. They will also develop on-chain ESG reporting based on IoT data to support Dubai’s 2050 Net Zero Carbon target.

Zand Bank CEO Michael Chan said the partnership will extend the AED stablecoin into a wide range of AI-driven devices, while Robo.ai CEO Benjamin Zhai noted that the collaboration will enhance the integration of smart devices and digital assets across the Middle East, Africa, and South Asia.