Abu Dhabi-based regulated digital assets infrastructure provider Fuze has signed a strategic memorandum of understanding (MoU) with Oman-headquartered Mamun, a Sharia-compliant alternative finance and investment platform expanding across the UAE and GCC. The partnership aims to enable retail and institutional investors to participate in short-term, Sharia-compliant trade financing using USDT stablecoins, facilitating access to local fiat financing for businesses and supporting domestic and cross-border trade.
With the MENA region’s trade credit gap estimated at $250 billion and over 40 million crypto investors holding approximately $300 billion in digital assets, this collaboration seeks to unlock new finance sources for underserved small and medium-sized enterprises (SMEs). Fuze will provide digital asset rails—including on/off ramps, custody, and conversion—while Mamun will originate compliant trade finance opportunities, enabling swift and regulated settlements.
Fuze CEO Mo Ali Yusuf highlighted the growing use of stablecoins like USDT beyond trading and remittances, now as tools for working capital. Mamun’s Chief Commercial Officer Mohammed al-Tamami emphasized the partnership’s role in aligning digital asset infrastructure with real-economy capital needs, fostering innovative cross-border trade finance solutions.
Since its Q3 2023 launch, Mamun has facilitated nearly $10 million in Sharia-compliant trade financing and targets $20 million for 2025, serving investors from over 45 countries. Its platform supports embedded finance infrastructure for Oman Housing Bank and major telecom providers.
Fuze stands as MENA’s first regulated digital assets infrastructure provider, empowering financial institutions and enterprises to securely integrate and launch digital asset services across wealth management and payments.
