Codebase Technologies and Fuze partner to expand digital asset access for Banks and Financial Institutions
Dubai, UAE - Codebase Technologies has entered a strategic partnership with Fuze, a digital asset infrastructure company based in the Middle East, to introduce crypto and digital asset capabilities to banks and fintechs across the region, through Codebase Technologies Digibanc™ platform.
The collaboration arrives at a time when interest in digital assets across the Middle East is quickly rising. Chainalysis reports 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.
'We're not trying to ride a trend,' said Omar Mansur, Managing Director – APAC, at Codebase Technologies. '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 capitalize on the significant market potential.'
Fuze brings the infrastructure piece to the table. Through a seamless integration with Digibanc™, Codebase Technologies' clients will be able to plug into a set of tools that let them offer crypto products with less overhead and fewer moving parts.
'Banks have been circling the digital asset space for a while,' said Mo Ali, CEO at Fuze. '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.'
Codebase Technologies has worked with banks and fintechs in 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.
About Codebase Technologies
Born in the UAE, built for the world, Codebase Technologies is the MENA region's homegrown digital banking technology powerhouse. As a boutique technology consultancy and transformation partner, Codebase Technologies goes beyond software to deliver real, measurable impact for financial institutions across the globe.
With a bold mission to unlock potential through disruptive innovation, Codebase Technologies empowers Islamic and conventional banks, fintechs, neobanks, lenders, and startups to not just digitize, but to differentiate, lead, and grow. Whether launching a greenfield neobank or modernizing legacy infrastructure, Codebase Technologies brings together strategic advisory, technology, and execution into one seamless offering.
At the heart of its innovation engine is Digibanc™ an award-winning, cloud-native, and API-first digital banking platform. Digibanc delivers end-to-end capabilities across channels, core banking, lending, card issuance, customer engagement, and more, supported by a robust ecosystem of over 650 market-ready APIs.
As one of the world's fastest growing fintechs, Codebase Technologies has redefined what it means to innovate at speed and scale, bridging local insight with global execution.
About Fuze:
Fuze is MENA's first-of-its-kind regulated digital assets infrastructure provider, offering financial institutions and businesses cutting-edge tools to integrate digital asset services securely an efficiently. Driven by a solutions-based approach, Fuze helps financial services providers to strategise, organise and implement digital assets infrastructure and quickly, securely launch regulated, world-class products across wealth and payments. Fuze was founded by an expert team of fintech, traditional finance (TradFi) and decentralized finance (DeFi) leaders, with its co-founders holding extensive knowledge from experience in global hypergrowth businesses: the CEO, Mohammed Ali Yusuf (Mo Ali Yusuf) has held prominent roles at Checkout.com and Visa; Arpit Mehta (COO) was previously in the leadership team at fintech leaders like Simpl and Clear; Srijan Shetty (CTO) built algorithmic trading systems at Goldman Sachs and worked at tech leader Microsoft. Fuze offers a Digital-Assets-as-a-Service infrastructure platform which enables banks and fintechs to embed regulated digital assets products in a B2B2C fashion. Additionally, Fuze provides an Over-The-Counter (OTC) service that supports institutions, funds, and HNIs (high-net-worth individuals) in executing large digital asset trades securely and efficiently.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
an hour ago
- Arabian Business
Dubai suspends 2 engineering firms, announces major upgrade to contractor evaluation system
Dubai Municipality has suspended two engineering consultancy offices from licensing any new projects for six months, following violations of professional regulations, licensing terms, and ethical standards. The decision was made by the Committee of Registration and Licensing the Practice of Engineering Consultancy and Contracting and aims to protect the interests of property owners and developers across the emirate. The action is part of the municipality's broader regulatory role, which includes routine field inspections to ensure that engineering consultancies adhere to approved legal and professional standards. Dubai construction sector These inspections are conducted regularly to maintain quality, accountability, and safety in Dubai's booming construction sector. In parallel, Dubai Municipality has announced an ambitious plan to revamp the evaluation system used to assess contracting companies and engineering consultancy offices, with new criteria to take effect at the start of 2026. The updated framework will be built around a more holistic and performance-driven model, incorporating metrics such as: Financial solvency Emiratisation rates Social responsibility contributions Project delivery timelines Innovation in design and implementation Owner satisfaction based on detailed feedback The system will be implemented through the Build in Dubai (BID) platform, where stakeholders can also participate in performance surveys, increasing transparency and trust across the sector. Maryam Al Muhairi, CEO of the Buildings Regulation and Permits Agency at Dubai Municipality, emphasised that the new system reflects the municipality's ongoing efforts to enhance the quality of construction work in Dubai. It also aims to foster a culture of professional excellence and advance the standards of this vital sector in line with international best practices. She said: 'The evaluation system for contractors and consultancy offices serves as a key driver for improving performance and quality. It also reflects our commitment at Dubai Municipality to providing property owners and developers with comprehensive data on consultants and contractors, helping them select the most suitable firms for their projects'. The municipality will collaborate with contracting firms and consultancy offices through engagement sessions to gather feedback before the new system is finalised.
Khaleej Times
an hour ago
- Khaleej Times
Dubai's Omining unveils first African site in Kenya's Special Economic Zone
Omining, a crypto infrastructure company based in Dubai and operating under the DMCC ecosystem, has expanded operations into Kenya. The company's newly established facility in the Kenyan Special Economic Zone (SEZ) makes it one of the first large-scale Web3 deployments in East Africa by a UAE-based entity. The company's entry comes as global technology players, including Microsoft, expand into Kenya's SEZ framework, with Google and Amazon reportedly completing due diligence for future presence in the region. Omining's new facility will serve as its operational hub, with a 90-megawatt capacity currently being expanded to 200 megawatts. It leverages Kenya's stable electricity costs, investor-friendly regulation, and growing global relevance. Naivasha, where the plant will run, offers other key advantages: a year-round temperate climate ranging from 6 to 30 degrees Celsius, a 100% tax-free regime within the SEZ, and a currency whose value is closely aligned with the US dollar - much like Dubai. 'We're witnessing the beginning of a revolutionary era - the democratization of cryptocurrency mining. By enabling anyone to mine a currency without government control, we're participating in a groundbreaking movement that's reshaping the world's financial landscape,' said Francesco Colucci, Managing Partner at Omining. In under-electrified markets, crypto mining operations can play a broader role. Kenya has made significant strides in renewable energy generation, yet in rural areas, grid expansion often remains economically infeasible due to low demand. Omining's consistent, large-scale energy consumption and investments in the region can help stabilize long-term revenue for utility providers. This, in turn, adds to the long-term health of both infrastructure and access. 'The infrastructure we're building is about more than just scale,' said Lorenzo Calligaris, CTO at Omining. 'You need to be in environments that understand what you're doing and let you move fast, but responsibly. That's what we've had in Dubai, and now we're applying that playbook in Kenya.' Kenya's SEZ has emerged as a pragmatic alternative to more saturated destinations. Situated near Nairobi but free of its congestion, it is supported by strong logistics infrastructure. These fundamentals, combined with investor-friendly policies and reliable power supply, are beginning to shift how international firms perceive the region. Kenya's positioning as an SEZ destination is rapidly gaining traction across multiple industries because of a skilled labor pool, and growing integration with global digital trade systems. Recent public commentary from Kenneth Chelule, CEO of the SEZ Authority, referenced the potential of crypto mining firms like Omining to contribute to SEZ employment and energy monetization. The early links between Dubai and destinations like Kenya are expected to evolve into deeper, more sustained digital-economic relationships. Omining's move is an early example of what those relationships could look like in practice.
The National
2 hours ago
- The National
Dubai suspends two consultancy firms for regulation breaches
Dubai Municipality on Sunday announced that two engineering consultancy offices have been suspended and barred from licensing any new projects for six months. The suspensions came because the two companies breached regulations, licensing conditions and ethical standards set by the municipality. A new plan to update the emirate's contractor rating system was also announced, which will create an advanced performance assessment framework. The new standards are expected to come into effect at the beginning of 2026. Dubai Municipality regularly conducts field inspections at engineering consultancy offices to make sure all standards are being adhered to. New regulations The updated assessment system will include new criteria such as financial solvency, Emiratisation, and participation in social responsibility initiatives. Maryam Al Muhairi, chief executive of the Buildings Regulation and Permits Agency at Dubai Municipality, said the new system will boost Dubai's global competitiveness and improve the business environment for engineering professionals and consultancies. 'It also reflects our commitment at Dubai Municipality to providing property owners and developers with comprehensive data on consultants and contractors, helping them select the most suitable firms for their projects,' she added. She also said the municipality plans to hold regular meetings and engagement sessions to gather feedback and suggestions from all sides before the system is formally adopted.
