7 days ago
Codebase Technologies Partners with Fuze to Offer Digital Asset Capabilities to Banks in the Middle East
Dubai-based Codebase Technologies has announced a partnership with Fuze, a digital asset infrastructure firm headquartered in Abu Dhabi, to integrate crypto and digital asset capabilities into its Digibanc platform.
The collaboration aims to support banks and fintechs in the region seeking to expand their service offerings to include digital assets.
The partnership comes amid rising institutional interest in cryptocurrencies across the Middle East.
'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 capitalise on the significant market potential.'
Fuze will provide the infrastructure to enable Digibanc users to offer crypto services via a streamlined integration process.
This includes access to digital asset tools designed to minimise operational complexity for financial institutions.
'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 previously worked with financial institutions across MENA, APAC, and Europe, delivering digital banking solutions through its Digibanc platform.
Fuze, meanwhile, brings expertise in supporting institutions with the technical and regulatory challenges of launching digital asset products.
Together, the companies intend to provide banks and fintechs with a practical route into the digital asset space that aligns with institutional requirements and existing infrastructure.
