Al Fardan Exchange, a leading name in money transfer and currency exchange in the UAE, has joined hands with Fuze, a pioneering digital asset infrastructure provider in the MENA region, in a significant Memorandum of Understanding (MoU).
The MoU sets the stage for both entities to explore the provision of digital asset capabilities, adhering to the strict regulatory guidelines mandated by the UAE for financial institutions. This collaboration underscores the shared vision of both organizations to bolster the UAE’s aspiration of emerging as a responsible digital financial hub within the region.
Responding to the escalating demand among consumers for digital financial solutions, this partnership is poised to equip Al Fardan Exchange customers with seamless, secure, and user-friendly options for buying, selling, holding, and transferring digital assets.
Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, highlighted the unwavering commitment to innovation in this digital era. “Our collaboration with Fuze is aimed at providing customers access to cutting-edge financial solutions, aligning with our dedication to seamless, secure, and forward-thinking services,” he expressed.
He further emphasized the partnership’s alignment with the CBUAE’s Financial Infrastructure Transformation Programme, envisioning a digitally empowered financial landscape for the UAE.
Mohammed Ali Yusuf, Co-founder and CEO of Fuze, echoed the significance of this collaboration, praising Al Fardan Exchange’s longstanding heritage and experience. “Al Fardan Exchange, with its more than 50 years of heritage, knowledge, and experience serving millions in the UAE, is a deeply respected business,” he stated. “We are immensely proud to align with such a revered institution and collaboratively pioneer groundbreaking digital assets products for its customers.”
The joint enthusiasm of Al Fardan Exchange and Fuze anticipates transformative changes in the UAE’s digital finance sector. With their combined efforts, both entities aim to pioneer innovative solutions, propelling the nation towards a digital future, marked by advanced financial offerings and services.