[Digital Today reporter Chi-gyu Hwang] CoinMENA is partnering with Standard Chartered to strengthen fiat payment infrastructure for customers in the United Arab Emirates (UAE).

Cointelegraph reported on Tuesday that under the agreement, CoinMENA will receive support from Standard Chartered for fiat deposits and withdrawals, client funds accounts and transaction management infrastructure based on virtual accounts.

CoinMENA said the structure would improve liquidity settlement with approved global counterparties and increase transaction transparency.

Cointelegraph reported that the partnership shows a trend of crypto companies moving to secure regulated banking infrastructure as the UAE digital asset market matures and institutional participation expands.

Rola Abu Manneh (롤라 아부 만네), Standard Chartered's chief executive for the UAE, Middle East and Pakistan, said the UAE had built a regulatory environment in digital assets, widening opportunities for cooperation between financial institutions and regulated companies. CoinMENA co-founders Dina Sam'an (디나 사만) and Talal Tabbaa (탈랄 타바) said, "The future of the industry depends not only on technology but also on banking, regulation and operational foundations."