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 USD 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 wasnโt just from retail investors, banks and regulators are actively exploring how to bring digital assets into regulated financial environments.
โWeโre not trying to ride a trend,โ said Omar Mansur, Managing Director โ APAC, at Codebase Technologies. โOur 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.โ
Fuze brings the infrastructure piece to the table. Through a seamless integration with Digibancโข, Codebase Technologiesโ clients will be able to plug into a set of tools that let them offer crypto products with less overhead and fewer moving parts.
โBanks have been circling the digital asset space for a while,โ said Mo Ali, CEO at Fuze. โWhatโs been missing is a setup that feels familiar, that fits how they already operate. Thatโs what weโre offering with Codebase Technologies.โ
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.
