Dubai Customs has signed an settlement with Binance, the world’s largest crypto alternate and blockchain firm, to broaden digital fee capabilities by integrating crypto-assets into business and logistical transactions.
The settlement, which was signed on the sidelines of Binance Blockchain Week 2025 in Dubai, displays the emirate’s imaginative and prescient and world management in adopting superior authorities applied sciences, strengthening public-private partnerships, and increasing the emirate’s place as a central world commerce platform and a hub for the brand new financial system and rising tech startups.
The MoU goals to develop the UAE’s home fee ecosystem by integrating digital belongings into business transactions and enabling the logistics sector to learn from digital funds. It helps a versatile and progressive monetary infrastructure by blockchain applied sciences that improve transparency and cut back transaction time and prices.
The partnership will enhance the effectivity of import-export operations, streamline customs procedures, and appeal to new buyers – notably SMEs – by providing trendy fee choices that assist broaden their companies and entry new world markets.
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Company, stated: “Dubai continues to strengthen its place as a key participant within the world digital financial system. By strategic partnerships similar to this, we obtain new milestones in authorities innovation.
“With this MoU, Dubai Customs is establishing a progressive financial mannequin able to assembly the necessities of the digital financial system, creating an progressive enterprise surroundings that helps Dubai’s ambitions and world competitiveness in fintech and good funds.
“We help initiatives that improve Dubai’s place as a commerce and logistics hub, spend money on superior digital options to enhance enterprise effectivity, and construct a next-generation fee ecosystem that aligns with the D33 Financial Agenda. This partnership represents a step towards creating an open, versatile financial surroundings able to attracting future investments.”
Dr Abdulla Busenad, Director Normal of Dubai Customs, added: “This settlement displays our technique to speed up complete digital transformation and redefine customs procedures to be smarter and aligned with the worldwide financial system, which more and more depends on superior applied sciences and future fee options.
“Our collaboration with Binance opens a brand new chapter in growing digital funds by integrating crypto-assets into business and logistics operations, enhancing operational effectivity, and rising Dubai’s attractiveness as a worldwide financial hub.”
Binance, one of many world’s largest platforms for digital belongings and future fee options, supplies superior companies together with Binance Pay, enabling safe, quick, and borderless digital funds that improve commerce circulation and speed up funding cycles.
Richard Teng, CEO of Binance, added: “We’re proud to collaborate with Dubai Customs, a authorities entity recognised globally for adopting trendy applied sciences.
“By this MoU, we’ll collectively launch progressive options able to making a tangible distinction within the customs sector domestically and globally, enhancing Dubai’s digital ecosystem and growing infrastructure that retains tempo with world developments towards a wiser and extra sustainable financial system.”
