Al Fardan Exchange and Fuze Sign an MoU to explore Digital Assets Products and Applications 

The MoU, signed by Hasan Fardan Al Fardan, CEO of Al Fardan Exchange and Mohammed Ali Yusuf, Co-founder and CEO of Fuze, took place at Al Fardan Exchange headquarters.

The MoU establishes a framework for both organisations to explore providing digital asset capabilities, within the stringent regulatory guidelines set forth by the UAE for financial institutions. This move showcases the shared vision of both entities to support the UAE's ambition of becoming a responsible digital financial hub within the region.

In response to the surging demands of consumers for digital financial solutions, the services arising from this collaboration will empower Al Fardan Exchange customers with seamless, secure and user-friendly options for buying, selling, holding, and transferring digital assets.

"In this era of digital transformation, our commitment to innovation remains unwavering," said Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, expressing his optimism about the partnership with Fuze. "Our collaboration with Fuze is geared towards providing our customers with access to cutting-edge financial solutions, aligning with our dedication to offering seamless, secure, and forward-thinking services.” 

He added: “This partnership harmonises with the objectives of the CBUAE’s Financial Infrastructure Transformation Programme, making a substantial contribution to the UAE's vision of a digitally empowered financial landscape."

Fuze's Co-founder and CEO, Mohammed Ali Yusuf, echoed this sentiment, emphasising the significance of this collaboration: “Al Fardan Exchange is part of the fabric of the United Arab Emirates, with more than 50 years of heritage, knowledge and experience of serving millions of citizens and residents. We are very proud to align with such a deeply respected business and collaboratively develop groundbreaking digital assets products for its customers.”

Both Al Fardan Exchange and Fuze are enthusiastic about the transformative potential of this collaboration, anticipating significant advancements in the UAE’s digital finance sector as they join forces to pioneer innovative solutions and drive the nation towards a digital future.