Key Takeaways
- • Fuze closed a $12.2 million Series A funding round co-led by Galaxy (TSX: GLXY) and e& capital, positioning the UAE-based firm as the fastest-growing digital assets infrastructure provider in the Middle East and Turkey.
- • The investment will fund regional and international expansion, accelerate product innovation and compliance infrastructure, and support strategic hiring across Fuze's platform.
- • Fuze provides Digital Assets-as-a-Service infrastructure enabling financial institutions and businesses across MENA and Turkey to offer regulated digital assets and OTC trading, with recent expansion into stablecoin infrastructure and payments via FuzePay.
- • CEO Mo Ali Yusuf projects heightened institutional adoption, stating that "in the next 12 months, every financial institution and business will leverage some type of crypto or stablecoin capability," signaling accelerating demand for regulated digital asset solutions in the region.
- • Galaxy's comprehensive digital asset capabilities and e&'s extensive regional network position Fuze to capitalize on institutional interest in digital asset integration across financial services and traditional businesses in MENA.
Summary
Fuze, a UAE-based digital assets infrastructure firm, announced on May 1, 2025, the successful close of a $12.2 million Series A funding round. The round was co-led by Galaxy, a Toronto-listed digital assets and data centre infrastructure provider (TSX: GLXY), and e& capital, the venture and investment arm of global technology conglomerate e& (ADX: EAND).
The company operates as a Digital Assets-as-a-Service infrastructure provider, enabling financial institutions and businesses across the Middle East, North Africa, and Turkey to offer regulated digital assets to their end clients. Fuze's platform includes an Over-The-Counter (OTC) trading desk, full stablecoin infrastructure products, and—through its recently launched FuzePay subsidiary—payment capabilities. This positioning places Fuze at the intersection of institutional crypto adoption and traditional financial services delivery across a region with significant regulatory clarity and institutional capital.
CEO and Co-Founder Mo Ali Yusuf underscored the strategic rationale for the investment, noting that Galaxy's comprehensive digital asset infrastructure capabilities and e&'s unparalleled regional network will accelerate Fuze's mission to democratize digital asset integration. Yusuf forecasted substantial near-term adoption, stating that "in the next 12 months, every financial institution and business will leverage some type of crypto or stablecoin capability," reflecting elevated institutional demand for regulated infrastructure solutions across MENA.
The capital infusion will be deployed toward three primary objectives: regional and international expansion, acceleration of product innovation and regulatory compliance infrastructure, and top-tier talent acquisition. This capital allocation reflects investor confidence in both the addressable market opportunity and management's execution capability, particularly as regulatory frameworks mature across Gulf Cooperation Council (GCC) jurisdictions and Turkey.
The partnership signals strengthened conviction among institutional investors in MENA-focused digital assets infrastructure, with Galaxy and e& capital positioning themselves as strategic anchors for fintech modernization and institutional crypto adoption in the region.
The company operates as a Digital Assets-as-a-Service infrastructure provider, enabling financial institutions and businesses across the Middle East, North Africa, and Turkey to offer regulated digital assets to their end clients. Fuze's platform includes an Over-The-Counter (OTC) trading desk, full stablecoin infrastructure products, and—through its recently launched FuzePay subsidiary—payment capabilities. This positioning places Fuze at the intersection of institutional crypto adoption and traditional financial services delivery across a region with significant regulatory clarity and institutional capital.
CEO and Co-Founder Mo Ali Yusuf underscored the strategic rationale for the investment, noting that Galaxy's comprehensive digital asset infrastructure capabilities and e&'s unparalleled regional network will accelerate Fuze's mission to democratize digital asset integration. Yusuf forecasted substantial near-term adoption, stating that "in the next 12 months, every financial institution and business will leverage some type of crypto or stablecoin capability," reflecting elevated institutional demand for regulated infrastructure solutions across MENA.
The capital infusion will be deployed toward three primary objectives: regional and international expansion, acceleration of product innovation and regulatory compliance infrastructure, and top-tier talent acquisition. This capital allocation reflects investor confidence in both the addressable market opportunity and management's execution capability, particularly as regulatory frameworks mature across Gulf Cooperation Council (GCC) jurisdictions and Turkey.
The partnership signals strengthened conviction among institutional investors in MENA-focused digital assets infrastructure, with Galaxy and e& capital positioning themselves as strategic anchors for fintech modernization and institutional crypto adoption in the region.
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