Fuze, a fast-growing digital assets infrastructure platform, has established itself as a major player in the Middle East and Turkey within just over a year of operation. Headquartered in the United Arab Emirates, Fuze is delivering secure, scalable, and regulated digital asset solutions that empower banks, fintech companies, and enterprises to launch next-generation financial products quickly and efficiently.
Built specifically for the MENA region, Fuze operates on a modular, API-first model that allows institutions to offer digital asset wallets, stablecoin infrastructure, and institutional over-the-counter (OTC) trading with ease. It is the first platform of its kind in the region, combining the compliance and trust of traditional finance with the innovation and speed of blockchain technology.
In April 2025, Fuze closed a $12.2 million Series A funding round, led by Galaxy and e& capital, bringing its total raised capital to over $20 million. This funding is fueling the company’s aggressive expansion plans across MENA and into high-potential markets like Pakistan, where the digital asset ecosystem is beginning to take shape.
From the start, Fuze has prioritized regulatory compliance. It holds a Virtual Assets Regulatory Authority (VARA) license for digital asset operations and a Retail Payment Services and Card Schemes (RPSCS) license from the Central Bank of the UAE. These licenses allow Fuze to operate both as a digital asset infrastructure provider and as a regulated payment services firm.
Its latest offering, FuzePay, brings AED-denominated settlements, instant business payments, and AI-driven automation to financial service providers in the UAE. This product exemplifies Fuze’s focus on solving real-world financial challenges with innovative technology.
As interest in digital assets grows across South Asia, Pakistan has surfaced as a key market. The recent formation of the Pakistan Crypto Council (PCC), its engagement with global figures like Binance founder CZ, and efforts to draft a national digital asset framework have caught the attention of industry leaders, including Fuze.
Leading the charge at Fuze is CEO Mohammed (Mo) Ali Jaliawalla Yusuf, a seasoned executive with experience at Checkout.com, Visa, Emirates NBD, and Booz & Company. His leadership has helped shape Fuze’s compliance-first approach, which has resonated with regulators and clients across the region. He also serves as Co-Chair of the MENA Fintech Association’s Digital Assets Working Group.
Fuze’s core service, Digital Assets-as-a-Service (DaaS), simplifies the launch of digital wallets, stablecoin systems, tokenized assets, and trading platforms for both legacy banks and digital-first fintechs. Over the past year, Fuze has onboarded over 300 institutional clients, processed more than $2 billion in digital asset volume, and reached profitability—milestones that underscore its operational maturity.
As Pakistan explores innovations such as tokenization of real-world assets, stablecoin initiatives, and cross-border blockchain infrastructure, Fuze’s existing capabilities in markets like the UAE and Turkey could serve as a blueprint. While it has not yet announced formal operations in Pakistan, the company is evaluating opportunities to support regulators and institutions as the environment matures.
Remittances represent another promising area for Fuze in Pakistan. As one of the top remittance-receiving countries globally, Pakistan could benefit from real-time, low-cost cross-border payments. Fuze’s infrastructure is designed to reduce delays and costs while increasing transparency and security, making remittance flows faster and more efficient.
The company’s AI-enhanced compliance engine also adds a layer of smart risk management. It uses advanced monitoring and large language model (LLM) integration to automate fraud detection and onboarding processes, ensuring secure operations at scale.
FuzePay further enhances the financial ecosystem by enabling real-time, multicurrency business payments. Mohammed Ali Yusuf envisions the future of payments as real-time, personalized, and trusted—a vision that aligns closely with Pakistan’s goals of building Shariah-compliant, FATF-aligned digital financial systems.
Notably, Fuze powers Ruya, the world’s first Islamic bank offering Shariah-compliant access to virtual assets. Through its infrastructure, Ruya allows customers to buy and hold Bitcoin directly within their banking apps, reflecting the growing acceptance of digital assets within ethical financial frameworks.
With a client base ranging from neobanks like Wio to major players like Circle and Tether, Fuze continues to drive innovation across diverse segments. Its deep regional understanding and adaptable infrastructure make it uniquely positioned to scale across MENA, the GCC, Turkey, and potentially South Asia.
As countries like Pakistan move closer to embracing digital asset regulations, Fuze is prepared to play a critical role in enabling this transition. By bridging the gap between traditional finance and blockchain innovation, Fuze is helping shape the future of finance across the region.
