Revolut digital banking and crypto service soon to be available in UAE

Revolut digital banking and crypto service soon to be available in UAE

Revolut, the global digital bank offered through a financial application, which has 60 million customers worldwide has received an in principle approval from the Central Bank of the UAE to offer stored Value Facilities and Retail Payment Services (Category II) licenses, at the same time as it hires Reem Khayat, Product Marketing Head, who will be leading product marketing for crypto.

A Stored Value Facilities (SVF) License from the UAE Central Bank (CBUAE) authorizes an entity to operate a system where customers pay money or transfer value to the issuer in exchange for stored value that can be used to make payments for goods and services. This license regulates businesses that offer digital wallets, prepaid cards, and similar electronic payment systems to ensure financial stability and consumer protection within the UAE, while a A retail payment services (RPS) license authorizes a company to operate as a Payment Service Provider (PSP) in the UAE, offering services like payment aggregation and merchant acquiring to businesses. This license enables approved PSPs to provide a full range of omnichannel payment solutions to merchants, facilitating various payment methods such as domestic fund transfers and mobile wallets.

This comes months after Revolut opened an office in the UAE and after hiring its CEO Ambareen Musa the previous founder of Souqalmal.

Ambareen Musa, CEO of GCC at Revolut, noted, “Receiving these in-principle approvals from the Central Bank of the UAE is a pivotal step for Revolut in the region. Our goal is to empower individuals here with cutting-edge financial tools that offer transparency, flexibility, and control, addressing key pain points in the current financial landscape. We are committed to setting a new standard for financial services worldwide, and eagerly anticipate bringing Revolut to the dynamic UAE market.”

Revolut also offers users crypto services including trading, transferring and others. It offers 210+ carefully vetted tokens. All tokens as per the website pass stringent checks before being listed. Revolut crypto allows users to move BTC, ETH, USDT and 30+ other tokens between their wallets.

Revolut once it enters into the UAE, will be competing with not only digital banks such as Zand, Liv Bank, and others but also traditional banks such as Emirates NBD, Rak Bank.

Just today, UAE digital bank Zand launched ZandPay, an advanced point-of-sale (POS) solution developed in collaboration with Transguard Group and supported by Arab Financial Services. ZandPay combines speed, security, and flexibility, supporting a wide range of payment methods including debit and credit cards, contactless options, mobile wallets, and international transactions across multiple currencies.

UAE Changer and PayFlex to offer crypto to fiat settlement gateways

UAE Changer and PayFlex to offer crypto to fiat settlement gateways

UAE based Changer.ae, a leading secure digital asset service provider licensed in ADGM, and PayFlex.ae, a pioneering crypto technology service provider, signed an MOU ( Memorandum of Understanding) to simplify and accelerate the adoption of crypto in everyday use cases across the UAE and further. The solutions will be offered to both businesses and consumers alike.

Wang Hao, CFA, Senior Executive office of UAE regulated Changer.ae noted, “Today marks a pivotal milestone in advancing the UAE’s digital financial ecosystem. Our collaboration with PayFlex is a natural evolution of the UAE’s growing digital asset infrastructure, combining our secure custody and conversion services with PayFlex’s innovative point-of-sale crypto settlement technology. Together, we are creating a future where digital and traditional finance seamlessly coexist.”

Previously Changer became a partner with Al Maryah Community Bank ( MBank) allowing Changer to offer UAE dirham escrow services and compliant crypto-fiat conversions. Changer also leverages AE Coin, the country’s first fully regulated UAE dirham-backed stablecoin, supporting 1:1 dirham-pegged transactions and enabling greater financial inclusion.

Shadi Ahmad., Chairman of PayFlex, emphasized, “This partnership is more than strategic, it is transformative. By merging Changer’s exchange capabilities with PayFlex’s merchant-ready solutions, and with the trust of Mbank, we are building the region’s most advanced crypto-to-fiat settlement gateway. Our goal is to make digital currencies usable in everyday life — from hotels, real estate, restaurants, and beyond.”

UAE Matrix Wings using PayFlex crypto settlement

UAE Matrix Wings Group is already making use of the solution. The are using PayFlex crypto settlement technology to accept digital assets.

According to Najet ben Kaddour, Chief Executive Officer of Matrix Wings Group LLC, it provided them with a secure and compliant foundation to confidently accept digital assets. She added, “By eliminating volatility and fraud risks, we were able to attract high-value crypto spenders—resulting in a 15 per cent increase in revenue in just the first quarter. PayFlex has truly turned uncertainty into opportunity.”

Ihab Tannish, Chief Executive Officer of ITS Real Estate Brokerage LLC also commented about his experience with PayFlex stating: “With Payflex, we didn’t just integrate cryptocurrency technology, we unlocked an entirely new revenue stream. Their seamless settlement into local currency allowed us to safely tap into the spending power of the crypto economy.”

The result was a 17 per cent increase in average order value from crypto users and significantly expanded market reach.

Hub 71 Blockchain startup 1Money secures licenses in USA and Bermuda

Hub 71 Blockchain startup 1Money secures licenses in USA and Bermuda

1Money Co., an Abu Dhabi Hub 71 startup, and the company behind the world’s first Layer 1 protocol purpose-built for Web3 payments, which has raised $20 million has secured a comprehensive suite of financial licenses across multiple jurisdictions, including 34 Money Transmitter Licenses (MTLs) in the United States and an F Class Digital Asset Business license from the Bermuda Monetary Authority.

The licenses permit the company to now launch global “stablecoin orchestration services” through traditional financial institutions and providing a compliant bridge between its next-generation blockchain (the 1Money Network) and the traditional financial system.


1Money can now deliver a full-stack stablecoin infrastructure offering, including deploying its Layer 1 protocol through a separate entity, stablecoin orchestration services, and a comprehensive suite of compliant fiat solutions. The company’s regulated footprint, covering the majority of U.S. markets and offering fully regulated global operations out of Bermuda, empowers partners and enterprises to build, scale, and launch stablecoin-based products that can seamlessly move money between digital currencies and fiat.


By combining its regulated and licensed money services business with its 1Money Network protocol, 1Money seeks to uniquely provide a full suite of services to stablecoin and Real World Asset (RWA) issuers, allowing them to run on the 1Money Network, connect their digital assets to the traditional banking system, and provide compliant distribution channels for offering their assets to end users globally.


“Securing 34 U.S. MTLs and the Bermuda BMA Class F license is the linchpin of our commitment to providing secure, compliant, and scalable stablecoin solutions to businesses worldwide,” said Brian Shroder, Co-Founder and CEO, 1Money. “These milestones enable us to orchestrate stablecoin flows across both traditional and emerging blockchain infrastructure, bringing a new level of interoperability, trust, and compliance to the digital payments landscape.”


1Money can now offer multi-currency fiat virtual accounts, fiat deposit and withdrawal (on/off ramps), global fiat pay-in and pay-out
Digital Asset Custody, stablecoin buying, selling, and exchange, stablecoin payments and remittances and Foreign Exchange (FX).


“Our team has worked diligently to build a robust legal and compliance framework that meets the stringent requirements of regulators in the U.S. and Bermuda. This achievement reflects our commitment to globally align with esteemed regulatory regimes,” said Christopher Lalan, Chief Legal Officer, 1 Money. He added, “The U.S. MTLs and the Bermuda Class F license give partners confidence that 1Money can support them at scale with both compliant operations and advanced technology solutions.”

“Enterprises need more than technology—they need a regulated partner they can depend on,” said Kristen Hecht, Chief Compliance Officer. “We are proud to combine the highest global standards of compliance with the innovation of our next-generation stablecoin infrastructure.”
The 1Money group of companies now operate a robust regulatory foundation designed to foster mainstream adoption and unlock a new wave of innovation for global payments while also offering the 1Money Network protocol, engineered to be the fastest, cheapest, and most compliant Layer 1 for Web3 payments.

Mastercard and Circle partner to enable USDC and EURC payments in Middle East

Mastercard and Circle partner to enable USDC and EURC payments in Middle East

Mastercard and Circle have deepened their partnership to enable USDC and EURC settlement for acquirers in the Eastern Europe, Middle East, and Africa (EEMEA) region, starting with Bahrain’s Eazy Financial Services and Bahrain’s Arab Financial Services, regulated by the Central Bank of Bahrain and licensed by the Central Bank of Egypt and the Central Bank of UAE.

In 2022, Bahrain EazyPay, payments solution provider, partnered with Binance’s Binance Pay to launch a regulated and approved crypto payments service offering in the Kingdom.

As per the press release, the move will empower acquiring institutions to get their settlement in USDC or EURC – fully-reserved stablecoins issued by regulated affiliates of Circle, which they can then use to settle with merchants and help pave the way for a new era of efficient and trusted digital trade across emerging markets. This builds upon existing efforts between Circle and Mastercard in the region on crypto card solutions, such as Bybit and S1LKPAY, which use USDC to settle transactions.

“This is a key move for Mastercard. Our strategic goal is to integrate stablecoins into the financial mainstream by investing in the infrastructure, governance, and partnerships to support this exciting payment evolution from fiat to tokenized and programmable money. Through our expanded partnership with Circle, we are taking bold steps in integrating their innovative use across our global network. We know that trust is essential to scale, and we are proud to play a leading role by applying our decades of experience in security and compliance to the stablecoin space,” said Dimitrios Dosis, president, Eastern Europe, Middle East, and Africa, Mastercard.

“Expanding USDC settlement across Mastercard’s vast network of acquirers in Eastern Europe, the Middle East, and Africa is a pivotal step toward truly borderless, real-time commerce. Our expanded partnership with Mastercard will enable wider reach, global access, and scaled impact, so that USDC can become as ubiquitous as traditional payments. Together with Mastercard, we are advancing the role of stablecoins as a foundational tool for everyday financial activity worldwide,” said Kash Razzaghi, Chief Business Officer at Circle.

“As the first acquirer in the region to pioneer USDC stablecoin settlement, we are delivering a strategic and transformative solution. This innovation provides the future-ready infrastructure our clients need to stay competitive in an era of continuous market transformation. The new capability directly solves a key market need for greater liquidity and operational efficiency, significantly reducing the friction traditionally associated with high-volume settlements. Our partnerships with Mastercard and Circle are foundational to the offering, ensuring our clients can confidently embrace digital asset innovation within a framework of security and regulatory compliance,” said Samer Soliman, CEO, AFS.

“This collaboration with Mastercard and Circle to enable USDC settlement aligns with our mission to deliver faster, more secure, and more efficient payment solutions to our clients. This milestone sets a new standard for digital settlement in the region and reflects our commitment to driving financial innovation that meets the evolving needs of merchants and consumers alike.,” said Nayef Al Alawi, Founder, MD & CEO, Eazy Financial services.

Along with USDC, Mastercard supports a growing portfolio of regulated stablecoins from issuers around the world, including Paxos’ USDG, Fiserv’s FIUSD and PayPal’s PYUSD.

The announcement comes a month after the Central Bank of Bahrain launched its stablecoin regulations. The Central Bank issued the full stablecoin regulation on July 2nd 2025, offering licenses to stablecoin issuers, custodians, for fiat backed stablecoins that could be either in Bahraini Dinar or United States Dollars or any other fiat currency acceptable to the CBB.

Additionally, the Central Bank of Bahrain is allowing stablecoin issuers to issue yield bearing stablecoins which pay passive returns to its clients only from either interest or rewards ( for Sharia compliant stablecoins) which is earned from the investment of the reserve assets.

Also regulated are sharia compliant stablecoins. However all stablecoin issuers will need to meet requirements set by the Central Bank.

Ripple and Circle invest in Tazapay as its expands to the UAE

Ripple and Circle invest in Tazapay as its expands to the UAE

Ripple in the USAS, Circle Ventures, Norinchukin Capital and GMO from Japan as well as existing investor Peak XV Partners have invested in Tazapay, a leading global cross-border payments infrastructure platform, Series B funding round as TazaPay expands its regulated operations to the UAE in MENA. The company is already licensed in Singapore, Canada, and the EU, and will use the new funding to accelerate its licensing roadmap across key global markets.The company is seeking licenses in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token (DPT) license in Singapore.

According to the press release, Tazapay provides seamless local collection and payout capabilities in over 70 markets, supporting a growing base of global enterprises and platforms across industries. Tazapay processes more than $10 billion in annualized payment volume, has reached operational breakeven, and is growing at 300% year-over-year.

The platform delivers comprehensive coverage across alternative payment methods, cards, virtual bank accounts ,payouts and stablecoins. Combined with institutional-grade security and compliance across multiple jurisdictions, and a robust fiat bridge for stablecoin settlements in emerging markets, Tazapay offers an unparalleled solution for global businesses.

“We’re entering the next chapter of our journey, one where modern payment technologies, regulatory compliance, and partnerships with global leaders will enable the future of cross-border commerce,” said Rahul Shinghal, Co-founder and CEO of Tazapay. “With this round, we are not just capitalizing the business; we are investing in our long-term vision to become the builder of a global payment collection and payout infrastructure built on modern rails. One of the key use cases this infrastructure serves is being the Fiat bridge for stablecoins in emerging markets.”

Tazapay today has one of the widest Fiat collections network in emerging markets and these partnerships help it supercharge the network.

The future of global payments depends on the seamless convergence of traditional and digital finance. Tazapay is a clear leader in building these essential, compliant last-mile connections, especially in emerging markets,” said Eric Jeck, SVP Corporate and Business Development at Ripple. “We’re proud to invest in Tazapay in this next phase of their growth, and together provide best-in-class payment solutions in key regions such as APAC.

The investments from GMO VenturePartners and Norinchukin Capital will accelerate Tazapay’s expansion into Japan. Leveraging these partnerships, Tazapay will enable local Japanese payment methods for its global customer base and establish a dedicated sales team in Japan to help Japanese enterprises scale internationally.

Tazapay’s infrastructure supports high-trust, regulated cross-border payment solutions for B2B marketplaces, platforms, and fintechs. The company plans to further invest in modern payment rails such as real-time payments (RTP), ACH, and stablecoins, delivering a future-ready payment experience for global businesses.

UAE CE-Ventures invests in Plaid and Mesh both big players in crypto and blockchain

UAE CE-Ventures invests in Plaid and Mesh both big players in crypto and blockchain

CE-Ventures, the corporate venture capital platform of UAE based Crescent Enterprises, investments in Plaid and Mesh, two companies building critical infrastructure for the next generation of financial services. CE-Ventures’ participated in the strategic funding rounds of both these companies with the expectation that the future of finance will be open, programmable, and crypto-native.

Silicon Valley startups Plaid and Mesh, focused on data infrastructure and digital asset movement respectively, are both critical enablers of financial interoperability. Plaid’s global fintech data network and Mesh’s global crypto payments network have both been significantly endorsed by their recent fundraising.

For Plaid its $575 million fundraise was led by Franklin Templeton with participation from CE-Ventures alongside Fidelity, BlackRock, NEA, Ribbit Capital, and others. Mesh’s $82 million Series B funding was led by Paradigm with participation from CE-Ventures, Consensys, QuantumLight Capital, Yolo Investments, and others.

“At CE-Ventures we are investing in the financial systems of the future – and we see Plaid and Mesh as foundational platforms in a converging world of fintech and crypto,” said Sudarshan Pareek, Senior Vice President at CE-Ventures. “We are at the beginning of a systemic shift in global finance — from closed systems to open networks, from batch-based processing to real-time programmability, and from siloed fiat rails to interoperable digital assets. Plaid and Mesh are laying the technical infrastructure for that future.”

The company has a history of investing in category-defining infrastructure companies that operate at this intersection. Previous investments include Animoca Brands, Anomali, Layer Zero and others. With investments in Plaid and Mesh, it is positioning itself for the most resilient value to accrue to infrastructure providers that power broad ecosystems rather than single verticals.

Plaid has become the connective tissue for consumer-permissioned financial data, enabling thousands of apps and institutions to securely link bank accounts, verify identities, and power fintech use cases such as lending, payments, and budgeting. As open finance expands globally, Plaid’s infrastructure is becoming indispensable to fintech ecosystems.

In July 2025, MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, became the first fintech to resell and offer Plaid Layer, Plaid’s instant onboarding technology used by the most innovative neobanks.

Mesh is building a blockchain-native API layer that allows users and platforms to transfer crypto and stablecoins seamlessly across wallets, exchanges, and applications. As digital assets move from speculation to utility, Mesh is creating the middleware infrastructure for the crypto-to-fiat and crypto-to-crypto payment economy.

Recently Mesh partnered with UAE and Bahrain regulated crypto broker CoinMENA. Mesh’s API-based solutions will enhance the overall experience for CoinMENA users operating other platforms, with crypto transactions being not only seamless but also more secure. As CoinMENA becomes part of Mesh’s extensive network of integrations, managing crypto across platforms becomes significantly easier for its users.

Dubai Land Department, crypto real estate payments in October 2025

Dubai Land Department, crypto real estate payments in October 2025

While PRYPCO MINT, the first licensed real estate tokenization platform, in partnership with Dubai Land Department, Dubai’s Regulatory Authority, and powered by Ctrl Alt blockchain, announced two new tokenized properties for investment, Dr. Mahmoud Al Burai, Senior Director of real estate policies and Innovation at Dubai Land Department also announced that soon it will all include crypto payments in October 2025.

In a recent LinkedIn post Dr. Mahmoud Al Burai noted that Crypto is coming as well as more opportunities in the real estate industry. He stated, “We are disrupting the industry big time. Hopefully we see soon investors and tenants paying in Crypto. Crypto traders buying real estate tokens, brokers getting commission in crypto and service charges paid in crypto.”

He also announced that due to the great success of Real estate tokenization project, They would be extending phase 1 of tokenizing ready properties till September 2025. He explained, “More properties will be tokenized soon by VARA licensed entities.” Finally he noted that in phase two cryptocurrency will be added in October. He explained, ” In phase two, we will add crypto currency to the model, expected October this year.”

Crypto.com and DLD sign agreement for including crypto in real estate sector

Just this week, Dubai Land Department and Crypto.com global crypto exchange recently signed a Memorandum of Cooperation to explore the use of Blockchain and digital currencies or crypto in the real estate sector. As per the announcement, the initiative is part of Dubai Real Estate Strategy 2033 that aims to build a smart, sustainable, real estate ecosystem using advanced technologies such as blockchain, and digital assets as well as tokenization.

PRYPCO announces two new tokenized properties

As for now PRYPCO Mint has announced that they are bringing a stunning apartment in Dubai Marina, and a beautiful viall in Dubai Land. In their X post they noted, “Get ready before launch. Stay tuned and keep your wallets ready!”

PRYPCO Mint already sold two tokenized properties. The first fully funded property attracted 224 investors from over 40 nationalities, with an average investment amount of $2,900. On the heels of the success of the first tokenized property listing in UAE and MENA, which brought in investments of over $700K, PRYPCO then did their second tokenized property worth $650K which was also a success.

Will the Banking sector take over crypto exchanges using stablecoins?

Will the Banking sector take over crypto exchanges using stablecoins?

In an article this week on CNN Business Arabic, Bitget crypto exchange COO and Bitgo MENA regional Manager gave their views on how banks are entering the crypto space through stablecoins. This comes as the United States passed the Genius Act in the Senate, and now is going to the House with extra push from Trump himself.

The article notes that stablecoins have gained a steady ground within the banking sector as regulatory legislation advances in the United States and Europe. Several major banks have entered pilot tests or begun developing their own stablecoins.

According to CoinDesk data, the market capitalization of stablecoins hit an all-time high of $251.7 billion, up 22% so far this year, with Citi Group noting that stablecoin market will reach $3.7 trillion by 2030.

In the CNN article Vugar Usi Zade, COO of Bitget, the world’s fourth-largest cryptocurrency exchange, noted that this trend reflects the importance of stablecoins as an integral part of the financial landscape. He emphasized that the entry of banks does not mean the end of trading platforms. “We don’t just provide financial services; we are the financing tools of the future,” he said.

For his part, Nick Coombs, Regional Director of BitGO in MENA, sees collaboration as the future of the sector and a great opportunity for expansion. “Big banks are by nature slow and conservative. We provide them with the digital infrastructure they couldn’t build on their own,” he told CNN Business.


Bitgo, the custodian of the USD1 stablecoin, provides turnkey solutions for banks through its “Stablecoin-as-a-Service” service. It also offers technologies such as “Advanced Key Management,” which allows banks to issue their own currencies at lower costs and with ready-made infrastructure.

Vugar that the entrance of banks into the crypto domain, will lead to more control over custody services which could lead to more centralization. The absence of crypto self custody services means less privacy notes Vugar. Yet he sees the future as hybrid, between crypto exchanges, crypto custodian and banking sector.

Nick Coombs explains that crypto is being reshaped today to serve the very system it was born to oppose, but banks will still need to partner with specialized entities like BitGo to ensure security, compliance, and speed in developing new products. “Because of their cautious nature, banks will not service many emerging blockchains, as they will focus on Bitcoin, even though there are thousands of blockchains that need the services of companies like us,” he added.

Vugar adds, “What distinguishes us is speed, innovation, and our commitment to a culture of decentralization. We are not replicating the experience of banks, but rather reinventing it.” He said, “Stablecoins have changed the rules of the game in cross-border payments, and they offer tremendous advantages, given their speed and competitive cost of no more than 0.1%.” He predicted that this market will grow within five years, with stablecoin adoption increasing tenfold.

He predicted that we will soon witness initial public offerings (IPOs) for cryptocurrency exchanges, as they are technology companies. This will attract significant investments, allow them to grow, and possibly acquire small and medium-sized banks to offer banking products to a global audience.

The article notes that with the entrance of banks, will crypto be losing the reason for its creation, or will a new financial system emerge.

UAE Air Arabia uses AED stablecoin for payments

UAE Air Arabia uses AED stablecoin for payments

UAE based Air Arabia airline is now accepting the AED stablecoin, AE Coin, developed by MBank ( Al Maryah Bank) for payments such as flight booking. The airline is the first in MENA to offer a stablecoin based payment option. Users can book their flights using the AEC Wallet application developed by MBank.

As the UAE’s first regulated AED-backed stablecoin, AE Coin is pegged 1:1 to the UAE dirham, ensuring price stability, security, and low transaction fees. With this integration, Air Arabia’s customers can now select the AEC Wallet at checkout when booking via the airline’s website.

Adel Al Ali, Group Chief Executive Officer, Air Arabia said: “We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. At Air Arabia, we are committed to embracing digitalization across our operations, and this partnership reflects our efforts to enhance our customer experience through technology. The newly introduced payment option through AEC Wallet reflects our ongoing efforts to adopt smart solutions that bring greater value, choice and flexibility to our growing customer base.”

Mohammed Wassim Khayata, CEO of Mbank, commented: “We are proud to partner with Air Arabia to offer AE Coin as a payment option for travelers. Air Arabia’s strong reputation as a leading low-cost carrier operator serving a diverse customer base aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions to our community. Through this partnership, we are not only enhancing the booking process but also contributing to the UAE’s broader goal of creating a truly inclusive, digitally empowered financial ecosystem.”

Ramez Rafeek, General Manager of AED Stablecoin, added: “This partnership with Air Arabia is a key milestone for AE Coin as it makes digital currency even more accessible to everyday consumers. By integrating AE Coin into flight bookings, we are simplifying the payment experience for travelers and enabling a seamless cashless solution that aligns with the growing digital economy. Air Arabia’s leadership in adopting digital payment solutions within the aviation industry is an exciting development that will set the stage for wider adoption of digital currencies in the region.”

Galaxy leads $12 million investment in UAE based Fuze

Galaxy leads $12 million investment in UAE based Fuze

Galaxy, a leader in digital assets and data center infrastructure, and e& capital, the venture capital and investment arm of globaly technology group e& lead $12.2 million Series A funding round in Fuze, the Middle East and Turkey’s fastest growing digital assets infrastructure firm.

As per the press release, the Series A investment will fuel Fuze’s regional and international 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, as well as an Over-The-Counter (OTC) trading desk. In addition, Fuze has now 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, “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, added, “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 championed from the beginning by Further Ventures, an ADQ-backed venture builder and investment firm. In 2023 the company raised a seed round of $14mn, the largest Seed investment in a digital assets startup in the history of the Middle East and North Africa region (MENA). The investment was led by Abu Dhabi-based Further Ventures, along with participation by US-based Liberty City Ventures. 

Mohamed Hamdy, Managing Partner at Further Ventures said, “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 e&, said “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.”

In the last year, Fuze has processed over $2 billion in total digital assets volume through their Digital-Assets-as-a-Service platform, stablecoin infrastructure, and OTC.