Botim Money, the financial services arm of Astra Tech’s ultra-app Botim that already serves millions across the UAE and beyond, has signed a Memorandum of Understanding (MoU) with Binance, the world’s largest cryptocurrency exchange and blockchain ecosystem, to explore delivering regulated digital-asset access directly inside the Botim platform.
The agreement was signed last week at Binance Blockchain Week in Dubai, underscoring the UAE’s growing role as a global hub where traditional fintech and digital assets converge. The partnership aims to merge Binance’s deep crypto expertise with Botim’s established payments, remittances, and investment rails to create seamless, compliant ways for everyday users to access digital assets, all within the same app they already use for bills, transfers, and P2P payments.
Catherine Chen, Head of VIP & Institutional at Binance, commented, “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.”
Sacha Haider, Chief Strategy Officer of Astra Tech | botim, added, “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.”
Both companies emphasized that any future services developed under the MoU will remain fully aligned with the UAE’s progressive yet strict regulatory framework, with a particular focus on serving underserved and unbanked communities through safe, regulated channels.
