Emirates NBD, a major UAE bank, is actively considering adding Bitcoin to its investment portfolio. The bank’s Group Chief Investment Officer, Maurice Gravier, stated they are exploring opportunities due to Bitcoin’s role as “digital gold.” However, he noted the asset’s volatility presents challenges for fair valuation. This potential move signals growing institutional interest in the Middle East’s financial sector.
Emirates NBD, one of the largest banks in the United Arab Emirates, is examining opportunities to incorporate Bitcoin into its investment system. This consideration marks a significant shift as conventional financial institutions in the UAE show increased interest in digital currencies.
On February 24, 2026, the bank’s Group Chief Investment Officer, Maurice Gravier, stated they are looking at Bitcoin, referring to it as “digital gold.” He explained that the perception of Bitcoin has evolved from an alternative currency to a more significant store of value.
Gravier also highlighted concerns regarding the cryptocurrency’s market behavior. “In a volatility environment like the current one, it is challenging to value Bitcoin fairly,” he said during the interview. The bank views Bitcoin increasingly as a hedge against economic uncertainty.
The comments reflect a broader trend within the Middle East’s traditionally conservative financial sector. The UAE’s ambition to become an international hub for digital finance appears to be driving this institutional exploration.
If Emirates NBD proceeds with Bitcoin investments, it could influence other regional financial institutions to follow. This potential entry underscores the growing role of cryptocurrencies within traditional banking and investment portfolios.
