Codebase and Fuze team up to enable digital asset services

By Vriti Gothi

Codebase Technologies has partnered with Middle East-based Fuze to enable banks and FinTechs across the region to offer crypto and digital asset services.

Leveraging Fuze’s infrastructure and the Digibanc™ platform, the partnership provides a secure, compliant, and scalable way for financial institutions to enter the growing digital asset market.

The collaboration arrives at a time when interest in digital assets across the Middle East is quickly rising. Research reveals that the MENA region saw over $566 billion in crypto transactions between July 2021 and June 2022, making it the fastest-growing crypto economy in the world during that period. However, the growth wasn’t just from retail investors; banks and regulators are actively exploring how to bring digital assets into regulated financial environments.

Codebase Technologies has worked with banks and FinTechs in the MENA, APAC and Europe, helping them launch digital banking propositions that are built around local market realities and tight timelines, launching singular propositions through to full-fledged digital and neobanks, on the Digibanc™ platform. Fuze brings the experience and tools needed to help banks navigate the often-complex reality of launching digital asset products, from infrastructure to ensuring compliance with regulators.

This partnership aligns two areas of deep expertise to deliver a practical, institution-ready pathway into the expanding digital asset market. For banks and financial institutions, it represents a tangible opportunity to evolve their offerings in step with market demand, without disrupting core operations.

Mo Ali, CEO at Fuze, said, “Banks have been circling the digital asset space for a while. What’s been missing is a setup that feels familiar, that fits how they already operate. That’s what we’re offering with Codebase Technologies.”

Omar Mansur, Managing Director – APAC, at Codebase Technologies, said, “We’re not trying to ride a trend. Our clients are asking how to offer digital asset services in a way that fits into their existing systems and without undue burden on their compliance and operations teams. This partnership gives them a practical and fast way to do that, to capitalise on the significant market potential.”