MENA's regulated, compliant digital assets provider to work alongside the Omani-based alternative finance and investment platform to support trade financing in USDT
One of the first partnerships of its kind to support trade-driven businesses in the region
Abu Dhabi, United Arab Emirates and Muscat, Oman – 1 June, 2025: Regulated digital assets infrastructure provider, Fuze, has signed a strategic memorandum of understanding (MoU) with Mamun, a Sharia-compliant alternative finance and investment platform headquartered in Oman and expanding across the UAE and GCC markets, turning Sharia-compliant trade into an investable asset class.
The agreement will enable regional and global retail and institutional investors to participate in short-term, Sharia-compliant financing of trade-driven businesses in USDT (Tether's US dollar-pegged stablecoin). Trade-driven businesses will then be able to receive fiat financing in local currency for supplier payments, local and cross-border trade. This will support businesses in accessing new forms of financing from a wider pool of investors.
The trade-credit gap in MENA stands at a staggering $250 billion, with that gap being over $1 trillion globally. SME businesses particularly feel the grunt of this problem, being underserved and underbanked by traditional financial institutions. Meanwhile, there are over 40 million crypto investors in MENA alone, with an estimated holding value of $300 billion, with very little access, if any, to small minimum, high-yielding, Sharia-compliant trade finance assets.
The partnership is one of the region's first to bridge regulated digital asset infrastructure with traditional private credit markets. Under this collaboration, Fuze will provide the digital asset rails (on/off ramp, custody and conversion) while Mamun will originate Sharia-compliant trade finance opportunities. The agreement will enable quick and compliant settlement for SME trade financing and solve pain points around cross-border capital movement.
Mo Ali Yusuf, Fuze CEO said: "The alignment between Fuze and Mamun underscores a growing trend - the use of stablecoins like USDT not only for trading or remittance, but as a working capital and liquidity tool for real-world finance."
Mohammed Al-Tamami, Mamun CCO said: "Bringing stablecoins into Sharia-compliant private credit allows us to open new pathways for cross-border trade finance. At Mamun, we're not just innovating, we're aligning digital asset infrastructure with real-economy capital needs. This collaboration with Fuze enables us to better serve investors and businesses alike."
Mamun is an alternative finance and investment platform based in Oman, transforming short-term trade finance into an investable asset class. Serving investors globally from over 45 nationalities, Mamun has facilitated shy of 10 million USD in Sharia-compliant trade financing since launching in Q3 2023 and is targeted to reach $20m in 2025 alone, backed by a growing investor base that includes retail participants, high-net-worth individuals, and family offices. Mamun's microservices architecture also powers systems at Oman Housing Bank and three major telecom operators, proving its readiness to scale embedded finance infrastructure across sectors.
To find out more about Fuze visit fuze.ae and to learn about Mamun head to mamun.com.
Fuze Finance is a regulated digital asset infrastructure provider operating through regulated and registered entities across multiple jurisdictions worldwide. Fuze Finance helps banks, fintechs, financial institutions, and businesses integrate digital assets across payments, stablecoin infrastructure, cross-border transfers, trading, wallets, treasury, and settlement.
Its infrastructure combines technology, liquidity, payment connectivity, and compliance capabilities. Fuze Finance also provides institutional OTC trading and settlement for businesses, funds, and high-net-worth individuals.
For more details, visit https://fuze.finance/
Disclaimer: The information contained in this press release is for general informational purposes only. Fuze and its subsidiaries, including Niobe Payment Services LLC SPC, are regulated under the jurisdiction of the Central Bank of the United Arab Emirates and operate in compliance with applicable regulations. This press release does not constitute an offer to provide financial services or investment advice in any jurisdiction. Fuze does not guarantee the accuracy, completeness, or reliability of the information provided. Any financial products or services mentioned are subject to market risks, and past performance is not indicative of future results. Readers are advised to consult with a financial advisor or legal counsel before making any financial or investment decisions.
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