The UAE’s digital-only bank, Wio, has partnered with digital assets infrastructure provider Fuze to enable virtual assets trading services on its platform. Customers will be able to buy and sell popular virtual assets directly through Wio Invest.
Wio Invest allows customers to start investing effortlessly, where users can seamlessly access thousands of global stocks, ETFs, fractional shares and even UAE IPOs in a single, integrated app.
“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,” said Jayesh Patel, CEO of Wio. ‘We are excited at the opportunities this collaboration with Fuze provides to serve our customers better and support the UAE’s forward-thinking transformation of the financial services sector.”
The region is the fastest-growing digital assets hub globally, but a recent UAE poll suggested that 48% of virtual asset users lacked trust in exchanges.
“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,” said Mohammed Ali Yusuf (Mo Ali Yusuf), Co-Founder and CEO of Fuze.
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 building in-house virtual assets capabilities.
