Fuze Finance, a regulated crypto assets infrastructure provider headquartered in the UAE, has obtained approval from the Supervisory Organisation for Financial Intermediaries and Trustees (SO-FIT) to operate as an affiliated financial intermediary in Switzerland.
The approval marks Fuze’s first entry into Western Europe, adding to its existing regulatory licences in the Middle East, Turkey and Canada.
SO-FIT is authorised by FINMA, Switzerland’s financial regulator, to act as both a self-regulatory organisation and a supervisory organisation under Swiss law. Fuze’s Swiss entity will fall under SO-FIT supervision for any activity governed by the Anti-Money Laundering Act.
The opportunity Fuze is targeting is substantial. The Swiss Bankers Association estimates that Swiss banks manage CHF 9.3 trillion (around $11.5 trillion) in assets, making the country the world’s largest cross-border wealth management centre.
At the same time, data cited from the IMF’s 2025 Financial Sector Assessment suggests around four out of five FINMA-supervised banks and securities firms have yet to establish a regulated crypto offering.
“Switzerland is a global leader in crypto assets regulation and we’re looking forward to bringing our depth of experience to one of the world’s most important financial hubs. Swiss banks and fintechs are looking for more than a crypto product bolted onto their existing systems – they need secure, regulated infrastructure suitable for the future of financial services. We aim to provide these institutions with crypto assets infrastructure that can help them scale and innovate faster to meet growing client demand,” Mo Ali Yusuf, CEO of Fuze Finance said in a statement.
Under its Swiss entity, Fuze will offer institutional clients crypto asset infrastructure and stablecoin settlement alongside conventional SWIFT, SEPA and SIC payment rails, effectively combining digital and traditional financial infrastructure within a single regulated framework. For private banks and wealth managers, Fuze will operate through Swiss-regulated partner institutions. The platform also includes institutional crypto brokerage, over-the-counter execution on an agency basis, and an API layer enabling regulated institutions to embed crypto brokerage into their own products.
Fuze has also co-authored a paper with enterprise blockchain security firm Halborn outlining a readiness model for Swiss banks looking to assess their crypto adoption path, from initial market entry through to fully institutional-grade operations.
“Switzerland has built a regulatory framework that treats crypto assets as a core to the future of finance. Under the supervision of SO-FIT, we are establishing and growing an on-ground Swiss team with agile local decision-making. Swiss banks and fintechs rightly hold their partners to a high standard and we want to provide the best possible service from day one,” Gianluca Masini, Country Manager of Fuze Finance (Switzerland) added.
Fuze has processed over US$12 billion in digital assets volume to date. Yusuf framed the Swiss move as a direct product of the company’s UAE foundations: “Our expansion to Switzerland underlines how strong the UAE is in providing a global platform for digital assets businesses. The UAE’s regulated environments have enabled us to build robust infrastructure that can be rolled out across the world,” Yusuf added.
