Middle East digital asset company Fuze completes US$12.2 million Series A financing, led by Galaxy and e& capital

PANews reported on May 7 that the Middle East and Türkiye's digital asset infrastructure company Fuze recently completed a US$12.2 million Series A financing, led by Galaxy Digital and e& capital. Fuze provides "digital assets as a service" infrastructure to MENA and Turkey's financial institutions and enterprises, and has launched a stablecoin and payment product FuzePay. Funds will be used to accelerate regional and global expansion, product innovation and compliance construction. Fuze said that nearly all financial institutions will adopt crypto or stablecoin services in the next 12 months.