Digital Assets Infra Start-Up Fuze Bags $12.2 Mn for Indian Market Expansion

Digital assets infrastructure start-up Fuze has raised $12.2 million in a Series A funding round led by Galaxy and UAE-based telecommunications company e&.

This fresh capital will fuel Fuze’s expansion efforts across existing and new international markets. The capital will also be deployed to accelerate product innovation and compliance, and support top-tier hiring, the start-up said in an official statement.

“Galaxy’s digital asset capabilities and e&’s unparalleled network will fast-track our mission to enable any bank, fintech or traditional business to seamlessly integrate digital assets and accelerate regional digital asset adoption. We are seeing a huge surge in demand and we believe that in the near future, every financial institution and business will leverage some type of crypto or stablecoin capability,” said Fuze founder Arpit Mehta.

Leon Marshall, CEO of Galaxy Europe, added, “We are thrilled to partner with Fuze and lead this Series A round. The region is poised to become a major hub for innovation, with the UAE demonstrating a willingness to develop comprehensive regulatory frameworks for digital assets and Fuze rapidly advancing its digital assets infrastructure.”

Founded in 2023 by serial entrepreneurs Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze provides Digital Assets-as-a-Service infrastructure, enabling financial institutions and businesses to offer regulated digital assets to their clients. In addition, Fuze has now launched a full suite of stablecoin infrastructure products and recently announced its expansion into payments. 

Currently operating in MENA and Turkey, the company has already processed over $2 billion in total digital assets volume. Now, with founders’ Indian roots and a well-established network in the region, Fuze is eyeing expansion into the Indian market. It is actively engaging with regulators and policymakers to navigate the evolving crypto regulatory landscape in the country.

"This investment is about backing bold companies who understand the long game, building digital assets infrastructure to supercharge the next wave of financial services innovation," said Harrison Lung, Group Chief Strategy Officer e&.