Dubai Customs has signed an settlement with Binance, the world’s largest crypto trade and blockchain firm, to increase digital cost capabilities by integrating crypto-assets into industrial 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 international management in adopting superior authorities applied sciences, strengthening public-private partnerships, and increasing the emirate’s place as a central international commerce platform and a hub for the brand new economic system and rising tech startups.
The MoU goals to develop the UAE’s home cost ecosystem by integrating digital belongings into industrial transactions and enabling the logistics sector to learn from digital funds. It helps a versatile and modern monetary infrastructure via 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 entice new buyers – notably SMEs – by providing fashionable cost choices that assist increase their companies and entry new international 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 international digital economic system. By way of strategic partnerships akin 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 economic system, creating an modern enterprise atmosphere that helps Dubai’s ambitions and international competitiveness in fintech and good funds.
“We help initiatives that improve Dubai’s place as a commerce and logistics hub, put money into superior digital options to enhance enterprise effectivity, and construct a next-generation cost ecosystem that aligns with the D33 Financial Agenda. This partnership represents a step towards creating an open, versatile financial atmosphere 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 economic system, which more and more depends on superior applied sciences and future cost options.
“Our collaboration with Binance opens a brand new chapter in creating digital funds by integrating crypto-assets into industrial 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 cost options, supplies superior providers together with Binance Pay, enabling safe, quick, and borderless digital funds that improve commerce circulate 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 fashionable applied sciences.
“By way of this MoU, we’ll collectively launch modern options able to making a tangible distinction within the customs sector domestically and globally, enhancing Dubai’s digital ecosystem and creating infrastructure that retains tempo with international traits towards a better and extra sustainable economic system.”
