Fuze, the fastest-growing digital assets infrastructure provider in the Middle East and Turkey, has secured $12.2 million in a Series A funding round. The round was led by Galaxy (TSX: GLXY), a global leader in digital assets and data center infrastructure, alongside e& capital, the investment arm of the global tech conglomerate e& (ADX: EAND).
Fuze offers Digital Assets-as-a-Service infrastructure, enabling banks, fintechs, and businesses across the MENA region and Turkey to deliver regulated digital asset services to customers. Its offerings include an Over-the-Counter (OTC) trading desk, a comprehensive stablecoin infrastructure suite, and FuzePay—a platform designed to expand into digital payments.
The Series A funding will support Fuze’s regional and global expansion, drive product development and innovation, bolster compliance, and strengthen talent acquisition.
Mo Ali Yusuf, CEO and Co-Founder of Fuze, said:
“Strategically, Galaxy’s comprehensive digital asset capabilities and e&’s unparalleled network will fast-track our mission to enable any bank, fintech or traditional business to seamlessly integrate digital assets and accelerate regional digital asset adoption. We are seeing a huge surge in demand and we believe that in the next 12 months, every financial institution and business will leverage some type of crypto or stablecoin capability.”
Leon Marshall, CEO of Galaxy Europe, commented:
“We are thrilled to partner with Fuze and lead this Series A round. The Middle East is poised to become a major hub for innovation, with the UAE demonstrating a willingness to develop comprehensive regulatory frameworks for digital assets and Fuze rapidly advancing its digital assets infrastructure.”
Fuze has been supported from the outset by Further Ventures, an ADQ-backed venture builder and investor.
Mohamed Hamdy, Managing Partner at Further Ventures, noted:
“This fundraising round marks an important milestone for Fuze, a company that Further Ventures backed since inception. We’re proud to welcome leading global investors—including Galaxy, e& Capital, and others—to join us on this journey. We believe Fuze is poised to become a dominant force in enabling digital asset businesses around the world.”
Harrison Lung, Group Chief Strategy Officer at e&, added:
“With our investment in Fuze, we’re excited to align with a team that’s setting the benchmark for what a future-ready, regulated digital asset ecosystem can look like. There’s a natural synergy between Fuze and our fintech portfolio, from e& money to Wio and Careem Pay. And this investment is about backing bold companies who understand the long game, building digital assets infrastructure to supercharge the next wave of financial services innovation.”
Since its 2023 launch, Fuze has worked closely with regulators to ensure compliance and partnered with major financial institutions. Over the past year, Fuze has processed over $2 billion in digital assets through its service platform, stablecoin infrastructure, and OTC desk.
