Middle Eastern digital asset startup Fuze has completed a $12.2 million Series A funding round, led by Galaxy and e& capital.

BlockBeats News, May 7th, according to Fortune magazine, Middle East digital asset startup Fuze has completed a $12.2 million Series A funding round, with Galaxy and e& capital co-leading, along with several other investors participating.

Reportedly, Fuze provides "Digital Assets as a Service" (DAaaS) infrastructure, helping banks, payment processors, fintech companies, and traditional businesses in the Middle East, North Africa (MENA), and Turkey regions offer compliant digital asset services to their customers. The company also operates an over-the-counter trading platform specifically designed to facilitate large-scale digital asset transactions.

Source

Correction/Report

RelatedRecommended

Multicoin Capital: Why did we invest in Project Galaxy?

Project Galaxy will play a central role in app development as well as cutting-edge marketing campaigns to interact with and engage users in new, truly crypto native ways.

How does Project Galaxy solve the current voucher system problem?

Interpreting Galaxy Q2 Financial Report: Hundred Billion Revenue but Unprofitable, Transforming into AI "Gold Mining"

Financing highlights｜Galaxy Digital leads the investment in Parsec, an encrypted on-chain data analysis platform; Yuga Labs participates in the investment in Metaverse infrastructure developer Hadean

The total number of financings last week was 17, with a total amount of approximately US$134.61 million, and the average financing amount was US$7.9182 million.

Financing Highlights | a16z leads investment in AI startup Hebbia; Galaxy participates in Telegram’s crypto gaming ecosystem Pixelverse

The total number of financings last week was 18, with a total amount of approximately US$303.8 million and an average financing amount of US$16.8778 million.

On-Chain Activity