Galaxy Digital leads a $12.2 million Series A funding round for Fuze to enhance its digital asset infrastructure in the Middle East and Turkey.

Target Information

Fuze, a digital assets infrastructure company, has successfully secured $12.2 million in a Series A funding round, positioning itself as the fastest-growing firm in the Middle East and Turkey. The company specializes in providing a comprehensive Digital Assets-as-a-Service infrastructure that enables financial institutions and businesses in the MENA region to offer regulated digital asset services to their clients. Additionally, Fuze operates an Over-The-Counter (OTC) trading desk and has recently expanded its offerings to include a complete suite of stablecoin infrastructure products and payment solutions through FuzePay.

Founded in 2023, Fuze has rapidly established partnerships with leading financial institutions and has consistently worked with global regulators to ensure compliance within the digital asset space. Over the past year, the company has processed more than $2 billion in digital asset volume, underscoring its significant role in shaping the region's digital asset landscape.

Industry Overview

The digital assets industry in the Middle East, particularly within the UAE, is witnessing a remarkable transformation, driven by regulatory advancements and an increasing acceptance of cryptocurrencies. The UAE is actively developing compr