Union Bank of the Philippines Partners with Ark of Dreams to Enter the Metaverse

Union Bank of the Philippines (UnionBank), the country's digital innovation pioneer, has partnered with Philippines-based blockchain startup Ark of Dreams to enter the metaverse as the bank recognized the explosive growth of blockchain, NFTs and cryptocurrency globally.

UnionBank has always been at the forefront of technological innovations to empower consumers and make them future-ready. It was the first Philippine bank to introduce the first fully digital bank branch in the country as well as to go fully on the cloud that have changed the way of doing banking in Philippine.

Through this collaboration with Ark of Dreams, UnionBank is reportedly the first local bank to enter the Metaverse. Ark of Dreams is an NFT project meant to provide opportunities that will allow to uplift people's lives.

"This collaboration with Ark of Dreams gives us yet another opportunity to forge forward in our pursuit of tech-ing up the Philippines and reinforcing our commitment to deliver superior customer experience across channels; and now, even the Metaverse! We are excited to be the leader in this revolution as the digital asset space keeps maturing and consumer demand for it grows exponentially," said Henry Aguda, chief technology and operations officer and chief transformation officer at UnionBank.