Fuze, a digital assets infrastructure provider based in Abu Dhabi as part of the tech ecosystem Hub71, has secured $14 million in seed funding. This funding round was led by Further Ventures, an investment company backed by ADQ, with participation from US-based venture capital fund Liberty City Ventures.
Fuze’s platform enables banks, fintech firms, and traditional enterprises to offer regulated digital assets products through their native applications. The funding will support Fuze’s growth as it obtains regulatory licenses, makes key hires, expands its technological capabilities, and accelerates its geographical expansion across the region.
The start-up, founded in December, was selected to join Hub71 in June. Fuze is dedicated to building digital asset infrastructure to serve the future of finance. Its solutions simplify blockchain and regulatory complexities for enterprises, allowing them to offer digital assets like stablecoins, cryptocurrencies, central bank digital currencies, and tokenized assets.
This funding aligns with the broader trend of investment in fintech and digital assets in the Middle East and North Africa region, with the sector dominating venture capital financing during the first half of this year, accounting for nearly 80% of total funding.
Fuze aims to address the growing demand for regulated digital asset capabilities through trusted channels, and the funding from Further Ventures is seen as an investment into digital assets that will enable the future of the financial ecosystem.
Further Ventures launched a $200 million fund last September, focusing on digital assets, fintech, and supply chain startups. It provides not only capital investment but also legal and regulatory support, talent sourcing and recruitment, operations, and business development facilities for start-ups in these sectors. The fund aims to co-create and support business ventures in frontier or regulated industries.