- The investment was led by Abu Dhabi-based Further Ventures, along with participation by US-based Liberty City Ventures.
- CEO believes the Middle East is the perfect home to establish a digital assets infrastructure business.
Abu Dhabi-headquartered Fuze has raised a $14 million Seed round, the largest investment in a digital assets startup in the Middle East and North Africa region (MENA).
Fuze enables any bank, fintech or traditional enterprise to easily offer regulated digital assets products to their customers through their native apps.
The investment was led by Abu Dhabi-based Further Ventures, along with participation by US-based Liberty City Ventures.
Fuze will benefit from the strategic capital and network of these investors, acting as a catalyst for the business as it builds the digital asset infrastructure that will drive the future of finance.
Mideast: A perfect home
With a regional digital asset market worth $566 billion, and growing at 48 per cent year on year, Mohammed Ali Yusuf, Fuze co-founder and CEO, believes the Middle East is the perfect home to establish a digital assets infrastructure business.
“We are excited to build the future of regulated financial infrastructure and digital assets out of the UAE. Regulations have played a pivotal role in propelling the UAE into a central position within the global Digital Assets industry.”
Fuze was founded in December 2022 and selected earlier this year to join Hub71, Abu Dhabi’s global tech ecosystem through its Company Building Program.
“We are building a suite of products that addresses the growing demand for regulated digital asset capabilities through trusted channels. Our technology first approach is a game-changer for the region and offers our customers a reliable bridge to the new era of investments and to the future of finance,” Yusuf said.