UAE-headquartered Fuze raises $14m seed round

UAE-headquartered Fuze raises $14m seed round

Image credit: Supplied

Abu Dhabi-headquartered Fuze, a digital assets infrastructure provider, has unveiled a seed round of $14m.

It is the largest seed investment in a digital assets startup in the history of the Middle East and North Africa region (MENA), a statement said.

The investment was led by Abu Dhabi-based Further Ventures, along with participation by US-based Liberty City Ventures. Fuze will benefit from the strategic capital and network of these investors, acting as a catalyst for the business as it builds the digital asset infrastructure that will drive the future of finance.

The funding will propel Fuze’s growth as it obtains regulatory licencing, adds strategic hires in key roles, continues to expand its technological capabilities, and accelerates its geographic expansion across the region. Its products, such as Fuze Trader and Fuze Loyalty, allow banks, brokerages and superapps to offer digital asset products in a simple, easy and trusted manner.

Founded in December 2022 and selected earlier this year to join Hub71, Abu Dhabi’s global tech ecosystem through its Company Building Program, Fuze’s white label solutions handle the complexities of blockchain and regulatory overheads for enterprises, enabling these organisations to readily offer digital assets such as stablecoins, cryptocurrencies, CBDCs and tokenised assets.

The company