CBI Bank and Kima Network are pleased to announce a strategic partnership designed to enable secure, compliant, and efficient cross-border financial transactions through advanced blockchain technology. The partnership leverages Kima Network’s interoperability protocol and CBI Bank’s extensive banking infrastructure to streamline settlement processes, integrating traditional financial services seamlessly with blockchain ecosystems.
Commenting on the strategic partnership, Gio Everduin, Chief Strategy & Innovation Officer of CBI, said, “This partnership positions CBI to deliver faster, more efficient financial services by leveraging proven innovation. By working with Kima Network, we’re enhancing our capabilities in cross-border transactions and remittances, enabling 24/7 service at significantly lower costs. It’s a practical step forward that brings real value to our customers and strengthens our position as a forward-thinking financial institution.”
Eitan Katz, CEO and Co-Founder of Kima Network, added, “We’re proud to collaborate with Commercial Bank International (CBI), an institution leading the way in applying innovative, secure infrastructure to real-world banking challenges. This partnership validates Kima’s technology as a practical solution for compliant, cross-border financial operations, delivering always-on service at lower cost. Together, we’re setting a new standard for how banks can operate faster, safer, and more efficiently in a connected global economy.”
The collaboration positions CBI Bank at the forefront of financial innovation by providing secure, compliant, and efficient blockchain-based financial services to its clients. Meanwhile, Kima Network benefits by expanding its interoperable protocol’s reach, driving real-world adoption and showcasing the tangible benefits of blockchain integration in traditional banking operations.
Practical implementation and real-world use cases
Through this partnership, CBI will utilize Kima Network's blockchain-based protocol to facilitate direct, secure, and instant settlement of cross-border transactions. This integration simplifies and accelerates transactions such as:
Instant remittances with dramatically lower transaction times and operational costs.
Real-time foreign exchange (FX) settlement providing transparency and efficiency.
Enhanced accessibility, enabling bank customers to seamlessly interact with digital and traditional financial services through secure and regulated banking interfaces
This partnership emerges amid growing global demand for integrating blockchain technology within traditional finance, highlighting the transformative potential of blockchain-based solutions in streamlining cross-border payment processing, and financial settlements. As regulatory clarity increases, partnerships such as this are poised to drive substantial industry growth, setting a benchmark for other institutions to follow.
What distinguishes this partnership is Kima’s groundbreaking blockchain-based settlement technology, eliminating reliance on traditional intermediaries, orchestration solutions, smart contracts, or external oracles. This innovation reduces risk, enhances security, reduces complexity, and significantly cuts costs associated with cross-border transactions, positioning CBI Bank as a pioneer in leveraging truly innovative financial infrastructure.
Looking ahead
Together, CBI and Kima Network are committed to driving financial innovation that benefits a global customer base. This partnership represents a significant step forward in realizing the full potential of blockchain integration in traditional banking, laying a solid foundation for the future of finance.
About CBI Commercial Bank International (CBI) is one of the leading financial institutions in the UAE, committed to providing innovative, customer-centric banking solutions. With a strong emphasis on digital transformation and strategic partnerships, CBI continues to redefine financial services in the MENA region.
About Kima Network Kima Network is an asset-agnostic, decentralized settlement protocol designed to bridge the gap between traditional financial systems and blockchain-based ecosystems. Utilizing its unique interoperability technology, Kima provides secure, seamless, and cost-effective financial solutions for institutions and individual users globally.