Galaxy and e Invest Heavily in Fuze

The digital assets space in the Middle East and Turkey has seen significant growth, with Fuze emerging as a key player in innovation. The startup has just secured a US$12.2 million Series A funding round, led by Galaxy and e& capital.

This investment is not just about capital, but also a validation of Fuze‘s vision and strategy. Galaxy is a global leader in digital assets and data centre infrastructure, while e& capital is the investment arm of regional tech giant e&.

Fuze is building a Digital Assets-as-a-Service platform, which lets banks, fintechs, and traditional businesses easily and compliantly offer digital asset services to their customers. This includes crypto wallets, tokenised assets, and stablecoins products.

The company has also launched FuzePay, expanding into the payments space, and runs an Over-The-Counter trading desk, helping institutions handle high-volume trades with confidence.

In just one year, Fuze has processed over US$2 billion in digital asset volume.

Mo Ali Yusuf, CEO and Co-Founder of Fuze, says the company is seeing a huge surge in demand. He believes every financial institution and business will be leveraging some type of crypto or stable coin capability in the next 12 months.

Leon Marshall, CEO of Galaxy Europe, echoed this sentiment, saying the Middle East, especially the UAE, is fast becoming a global hub for digital asset innovation.

Mohamed Hamdy, Managing Partner of Further Ventures, notes that this Series A funding round is not just a win for Fuze, but also for the broader digital asset ecosystem in the region.

As Fuze looks ahead to international expansion, deeper regulatory collaboration, and a more robust product suite, it’s clear that the company is shaping the future of finance in the region.

The investment in Fuze also makes strategic sense from a broader tech perspective. Harrison Lung, Group Chief Strategy Officer at e&, explained that Fuze understands the long game and is building the infrastructure that will define the next generation of financial services.

They will be creating new opportunities for individuals and businesses to participate in this growing market as they continue to build out the infrastructure for digital assets.

For now, Fuze is pointing the way forward for digital assets in MENA and Turkey.