Image: botim money
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 millions of users in the UAE.
The MoU marks botim’s push to evolve from a communications focused platform into a unified fintech ecosystem that lets users pay, transfer and invest within the same app. The agreement was signed during Binance Blockchain Week in Dubai.
The two companies will study how Binance’s digital asset capabilities can be combined with botim’s fintech reach in the UAE. Their discussions focus on identifying practical, compliant solutions that could give users safe access to digital assets.
The move comes amid rising global and regional interest in cryptocurrencies, supported in the Middle East by regulatory frameworks that promote responsible financial innovation. Both parties will evaluate how potential services could align with the UAE’s existing rules and how they might expand digital financial participation.
botim money serves a large base of underserved and unbanked users who have limited exposure to traditional financial systems. As part of the MoU, the companies will explore simplified and secure access routes to digital assets for these communities through regulated channels.
Crypto is increasingly part of mainstream financial services, says Binance exec
Catherine Chen, head of VIP and Institutional at Binance, said crypto is increasingly part of mainstream financial services. “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,” she said.
Sacha Haider, chief strategy officer of Astra Tech | botim, said the company’s payments infrastructure already supports significant transaction flows. “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,” she said.
The signing at Binance Blockchain Week underscores Dubai’s emergence as a key hub for global blockchain and crypto activity.
