Middle East digital asset startup Fuze closes $12.2 million Series A funding round co-led by Galaxy and e& capital

Byblock@001

On May 7, Fortune reported that Fuze, a Middle Eastern digital asset startup, closed a $12.2 million Series A funding round co-led by Galaxy and e& capital, with participation from several other investors.

Fuze is said to offer a ‘Digital Assets as a Service’ (DAaaS) infrastructure that helps banks, payment processors, fintechs and traditional businesses in the Middle East North Africa (MENA) and Turkey region provide compliant digital asset services to their customers. The company also has an OTC trading platform that specializes in supporting the execution of large digital asset transactions.

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