About
RAKBANK (The National Bank of Ras Al Khaimah) is a UAE retail and commercial bank that received in-principle approval from the Central Bank of the UAE to issue a regulated AED-backed stablecoin. The planned token will be fully backed 1:1 by dirham reserves held in segregated, regulated accounts with guaranteed redemption, positioning RAKBANK among the banks driving the UAE's stablecoin ecosystem.
Key products
- Founded
- 1976
- HQ
- Ras Al Khaimah, UAE
- Stage
- Public
- Funding
- Listed (ADX: RAKBANK)
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