PANews reported on May 7 that Fuze, a digital asset infrastructure company in the Middle East and Turkey, recently completed a $12.2 million Series A financing round, led by Galaxy Digital and e& capital. Fuze provides "digital asset as a service" infrastructure for financial institutions and enterprises in MENA and Turkey, and has launched stablecoin and payment products FuzePay. The funds will be used to accelerate regional and global expansion, product innovation and compliance construction. Fuze said that in the next 12 months, almost all financial institutions will adopt crypto or stablecoin services.