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Wio partners with Fuze to facilitate virtual asset trading

By Delisha Fernandes

November 30, 2023

  • compliance reporting
  • Digital Asset
  • Financial Institutions

Wio Bank, ADDEDWio Bank have partnered with Fuze, a digital assets infrastructure provider, to empower its customers with  virtual assets trading services.

The collaboration between two thriving, Abu Dhabi FinTech companies, is underpinned by the clear regulation and guidance provided by the UAE’s regulators.

Wio Invest allows customers to start investing simply and effortlessly, where users can access thousands of global stocks, ETFs, fractional shares and even UAE IPOs seamlessly in a single, integrated app.

Jayesh Patel, CEO of Wio, said, “Our region is emerging as an important hub for virtual assets, and we are seeing a rising demand from customers searching for seamlessly integrated trading services within their everyday financial apps. We are excited at the opportunities this collaboration with Fuze provides, to better serve our customers and support the UAE’s forward-thinking transformation of the financial services sector. Fuze mirrors our own robust governance, compliance, and risk capabilities, so our customers can be confident in having secure access to virtual assets”

Fuze allows financial institutions to manage their virtual assets services, including risk and compliance reporting, through a proprietary, simple interface known as a Digital Asset Management System (DAMS). It enables banks to operate in the virtual asset economy without the need to build their own in-house virtual assets capabilities.

Mohammed Ali Yusuf (Mo Ali Yusuf), Co-Founder and CEO of Fuze, said, “As a regulated provider, we are proud to partner with Wio, which has already made tremendous strides in redefining financial services for the modern era across the region. There is a clear synergy with our mission to build the future of finance and we look forward to supporting Wio in delivering regulated, trusted virtual assets services to its flourishing customer base.”

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