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Senior English Editor
Fuze Finance has received SO-FIT approval for its Swiss entity, marking its first Western European operation and targeting the roughly 80% of Swiss banks that lack a regulated crypto-asset offering.
Fuze Finance is expanding into Switzerland, opening its first Western European operation as demand grows among financial institutions for regulated infrastructure connecting digital assets with traditional payment networks.
The crypto infrastructure provider said on September 8 that its Swiss entity has been approved by the Supervisory Organisation for Financial Intermediaries and Trustees (SO-FIT) as an affiliated financial intermediary.
This development extends Fuze’s existing regulatory footprint across the Middle East, Turkey and Canada, and gives the company a base in one of the world’s largest cross-border wealth management markets.
Under its Swiss entity, Fuze plans to provide institutional clients with crypto-asset infrastructure and stablecoin settlement alongside established payment rails including SWIFT, SEPA and SIC.
The company said it will begin building out a local team over the coming six months as it expands its Swiss operations.
The expansion comes as Swiss financial institutions increasingly explore how to incorporate digital assets into their existing businesses.
The Swiss Bankers Association estimates that banks in the country oversee around CHF 9.3 trillion ($11.5 trillion) in assets under management, making Switzerland a major global center for cross-border wealth management.
At the same time, Fuze cited data from the IMF’s 2025 Financial Sector Assessment indicating that roughly four in five Swiss banks had yet to establish a regulated crypto-asset offering.
Fuze also said it intends to target that gap by providing infrastructure that allows banks and fintech companies to offer digital-asset services without having to build the underlying technology and operational systems themselves.
The company has processed more than $12 billion in digital-asset volume to date, according to the announcement.
“Swiss banks and fintechs are looking for more than a crypto product bolted onto their existing systems,” Fuze CEO Mo Ali Yusuf said. “They need secure, regulated infrastructure suitable for the future of financial services.”
Fuze’s Swiss offering is designed to bring digital-asset settlement alongside conventional financial infrastructure rather than treating the two as separate systems.
The company plans to provide institutional crypto brokerage, agency-based over-the-counter execution and an API platform that allows regulated financial institutions to embed crypto brokerage services into their own products.
For private banks and wealth managers, Fuze said its services will operate through Swiss-regulated partner banks and fintech companies.
The company also plans to use a routing layer to determine how institutional payments should move across conventional and stablecoin rails based on factors including currency, payment corridor, cost and settlement reliability.
Moreover, according to Fuze, compliance controls such as sanctions screening, transaction monitoring, Travel Rule procedures and audit-trail generation would remain consistent regardless of which payment rail is used.
That approach reflects a broader challenge for banks entering digital assets: integrating blockchain-based settlement into existing treasury, compliance and reporting systems rather than creating entirely separate operational processes.
Fuze’s Swiss entity will operate under SO-FIT supervision for activities covered by Switzerland’s Anti-Money Laundering Act.
SO-FIT operates as a self-regulatory and supervisory organization under Swiss law and is authorized by FINMA to supervise financial intermediaries within its remit.
The company said the Swiss operation will maintain its effective place of management and decision-making in Switzerland while building a local and international team.
Gianluca Masini, Fuze’s Switzerland country manager, said the company plans to combine local decision-making with the infrastructure and experience it has developed in other markets.
“Swiss banks and fintechs rightly hold their partners to a high standard,” Masini said. “We want to provide the best possible service from day one.”
The expansion represents a significant geographic step for Fuze, which has built much of its business across emerging markets and the Middle East.
The company said its growth has been supported by international and regional investment funds as it develops into a global regulated digital-asset infrastructure provider.
Yusuf also linked the Swiss expansion to the UAE’s emergence as a base for digital-asset businesses, arguing that the country’s regulatory environment helped Fuze develop infrastructure that can now be deployed internationally.
The move into Switzerland therefore reflects two developments happening at once: Swiss financial institutions are looking for ways to bring digital assets into established financial services, while crypto infrastructure providers are increasingly seeking regulated access to traditional financial centers.
For Fuze, the challenge now is to turn that demand into a scalable institutional business in a market where regulatory compliance, operational standards, and integration with existing financial infrastructure are likely to matter as much as the underlying crypto technology.
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