Wio to Enable Virtual Asset Trading, Powered by Fuze

Wio have partnered with Fuze,  MENA’s pioneering digital assets infrastructure provider, to empower its customers with  cutting edge virtual assets trading services. Customers will be able to buy and sell popular  virtual assets directly through Wio Invest.  

Wio Invest allows customers to start investing simply and effortlessly, where users can  access thousands of global stocks, ETFs, fractional shares and even UAE IPOs seamlessly in a  single, integrated app.  

The agreement was signed at a ceremony at Wio’s Headquarters in Abu Dhabi, solidifying  the commitment of both entities to pioneer innovative solutions in the fintech landscape. 

Speaking about the significance of the partnership, Jayesh Patel, CEO of Wio, said: “Our  region is emerging as an important hub for virtual assets, and we are seeing a rising demand  from customers searching for seamlessly integrated trading services within their everyday  financial apps. We are excited at the opportunities this collaboration with Fuze provides, to  better serve our customers and support the UAE’s forward-thinking transformation of the  financial services sector. Fuze mirrors our own robust governance, compliance, and risk  capabilities, so our customers can be confident in having secure access to virtual assets” 

Mohammed Ali Yusuf (Mo Ali Yusuf), Co-Founder and CEO of Fuze, said: “As a regulated  provider, we are proud to partner with Wio, which has already made tremendous strides in  redefining financial services for the modern era across the region. There is a clear synergy  with our mission to build the future of finance and we look forward to supporting Wio in  delivering regulated, trusted virtual assets services to its flourishing customer base.” 

The collaboration between two thriving, homegrown Abu Dhabi fintech companies, is  underpinned by the clear regulation and guidance provided by the UAE’s regulators.  In this way, the digital assets ecosystem can continue to build trust. The region is the fastest  growing digital assets hub in the world, but a recent UAE poll suggested 48% of virtual asset  users lacked trust in exchanges. Through such partnerships, digital financial institutions can provide regulated options for their customers and help to increase trust in the virtual asset ecosystem. 

Fuze allows financial institutions to manage their virtual assets services, including risk and  compliance reporting, through a proprietary, simple interface known as a Digital Asset  Management System (DAMS). It enables banks to operate in the virtual asset economy  without the need to build their own in-house virtual assets capabilities. 

Both Wio and Fuze are participating in Abu Dhabi Finance Week, one of the biggest weeks in  the regional financial calendar. The event is bringing together more than 10,000 financial  leaders from across the globe.