Abu Dhabi-Based Fuze Raises $14M in Seed Funding for Digital Assets Infrastructure

Fuze, a digital assets infrastructure provider based in Abu Dhabi's tech ecosystem Hub71, has raised $14 million in seed funding led by ADQ-backed investment company Further Ventures, with participation from US-based venture capital fund and incubator Liberty City Ventures. Fuze enables banks, FinTech companies, and traditional enterprises to offer regulated digital asset products through their native apps.

The funding will support Fuze's growth, regulatory licensing, hiring key roles, expanding technological capabilities, and geographic expansion across the region. Hub71, backed by the Abu Dhabi government and Mubadala Investment Company, has been instrumental in nurturing tech startups, with over 200 startups and significant funding raised by its portfolio companies.

Fuze, founded in December and selected by Hub71 in June, aims to address the demand for regulated digital assets by handling blockchain complexities and regulatory requirements for enterprises. The company plans to offer products such as stablecoins, cryptocurrencies, central bank digital coins, and tokenized assets.

Fuze's seed funding is seen as an investment in the digital assets sector, with Further Ventures highlighting the team's experience and vision in developing trusted digital asset propositions for the financial ecosystem.