AB Xelerate, the fintech accelerator of Arab Bank, has signed a memorandum of understanding (MoU) with Fuze, a regional digital assets infrastructure provider, to explore the development of digital asset products and services in Jordan.
The partnership aims to support the country’s Economic Modernisation Vision by strengthening digital financial infrastructure and enabling the development of regulated, future-ready financial services.
Under the collaboration, the two organizations will evaluate potential digital asset use cases using Fuze’s Digital Assets-as-a-Service (DaaS) platform, combined with Arab Bank’s banking expertise and regional network. The initiative will focus on designing secure and compliant digital asset solutions that could be integrated into Arab Bank’s existing digital channels, subject to regulatory approvals.
The collaboration will also explore areas including digital asset strategy development, product design, operating models, risk and compliance frameworks, and technical integration. Activities will be conducted within Jordan’s regulatory frameworks, including participation in the Jordan Regulatory Sandbox (JoRegBox).
Arab Bank Deputy CEO and COO Eric Modave said the partnership aligns with the bank’s commitment to developing secure and compliant financial innovations for its customers. Meanwhile, Fuze CEO Mohammed Ali Yusuf highlighted the importance of building digital asset services on trusted infrastructure within regulated environments.
The initiative reflects growing interest among financial institutions in bank-led digital asset innovation as the region’s fintech ecosystem continues to evolve.
