Abu Dhabi’s Hub71 startups, Fuze, MENA provider digital assets infrastructure, and Bit2Me, a Spanish digital assets company, have partnered to improve digital assets infrastructure connectivity between Latin America, Europe, and the Middle East.
As per the press release, this agreement unites two of the world’s leading digital assets platforms to maximize the prospect of platform trading using the United Arab Emirates Dirham (AED). Fuze and Bit2Me’s collaboration will enable companies to collaborate on digital assets, products, and services. This includes enabling liquidity provision, collaborating on cross-border trading between Latin America, Europe, and the Middle East, and facilitating connections, trades, and transactions in target market currencies. Both organizations will benefit from enhanced stability, decreased operational costs, and increased market efficiency.
Mohammed Ali Yusuf, Co-Founder and CEO of Fuze, said, “Bit2Me has a strong focus on regulation, security, and compliance across digital assets, marking them as an ideal partner for our strategic expansion. Together, we will be able to innovate and tap into the wealth of possibilities for regulated digital assets globally. We are proud to sign this agreement in Abu Dhabi, where we started our journey, a place that will be pivotal in developing cryptocurrency and the future of finance.”
Koh Martinez, Co-CEO of Bit2Me added, “There is a significant demand for digital assets services across the Middle East. We are delighted to enhance our global offering in tandem with Fuze. Our teams will be able to share unique experiences and case studies across three continents to provide solutions for the ever-evolving cryptocurrency market.”
Peter Abou Hachem, Head of Growth and Strategy at Hub71 commented, “Within just one year of accepting our first cohort in Hub71+ Digital Assets, we have seen international startups like Bit2Me and Fuze join our vibrant community and collaborate to accelerate development in the digital assets space. This partnership is a testament to our community-focused programs and the supportive regulatory environment of Abu Dhabi Global Market (ADGM). By connecting and nurturing startups within our ecosystem, we are meeting our objective of driving innovation and creating valuable partnerships from our ecosystem to advance Abu Dhabi’s position as a leader in technology globally.”
In August of this year, Klumi Ventures a blockchain-native Venture Capital Firm and Fund Manager based in Abu Dhabi, partnered with Fuze, to harness Klumi Ventures’ investment acumen and Web3 expertise alongside Fuze’s robust digital assets infrastructure to accelerate the adoption of Web3 technologies throughout the region.
Even Tether, the global stablecoin and Fuze, signed a Memorandum of Understanding (MoU) to establish the terms of a collaboration on educational initiatives within the digital asset realm, with a particular focus on Turkey and the Middle East.
