Abu Dhabi - Sharikat Mubasher: Fuze, the fastest-growing digital assets infrastructure firm, completed a $12.2 million series A funding round led by Galaxy, a global leader in digital assets and data center infrastructure, and e& capital, the venture capital and investment arm of e&.

In a statement, Fuze revealed that it will utilize the investment to fuel its regional and global expansion, accelerate product innovation and compliance, and support top-tier hiring.

Fuze provides digital assets-as-a-service infrastructure enabling financial institutions and businesses across MENA and Turkey to offer regulated digital assets to their clients, and an over-the-counter (OTC) trading desk. It launched a full suite of stablecoin infrastructure products and recently announced its expansion, through FuzePay, into payments.

Mo Ali Yusuf, CEO and Co-Founder at Fuze, stated that Galaxy’s comprehensive digital asset capabilities and e&’s unparalleled network will fast-track Fuze’s mission to enable any bank, fintech, or traditional business to 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,” he added.

For his part, Mohamed Hamdy, Managing Partner at Further Ventures, said: “This fundraising round marks an important milestone for Fuze, a company that Further Ventures has backed since inception. We’re proud to welcome leading global investors, including Galaxy, e& Capital, and others, to join us on this journey.”

Since launching in 2023, Fuze has worked closely with global regulators to ensure compliant digital asset services and partnered with leading financial institutions. In 2024, the business has processed over $2 billion in total digital asset volume through their digital assets as a service platform, stablecoin infrastructure, and OTC.