Dubai’s Fuze Finance Opens Swiss Unit to Offer Institutional Stablecoin Settlement

What happened

Dubai-headquartered Fuze Finance has expanded into Switzerland, its first entry into Western Europe. The new Swiss unit has been approved as an affiliated financial intermediary by the Supervisory Organisation for Financial Intermediaries and Trustees (SO‑FIT). SO‑FIT will supervise the company for activities covered by Switzerland's Anti‑Money Laundering Act.

What the Swiss unit will do

Fuze Finance Switzerland will offer institutional clients crypto‑asset infrastructure and stablecoin settlement services. Those services will run alongside conventional payment rails, including SWIFT, SEPA and the Swiss Interbank Clearing system (SIC). The company will also provide institutional brokerage and agency‑based over‑the‑counter (OTC) execution.

For private banks and wealth managers, Fuze will adopt a disclosed crypto‑asset services model delivered through Swiss‑regulated partners rather than offering custody or retail services directly.

The company published a joint paper with blockchain security firm Halborn that details parts of its model.

Regulatory and operating limits

Fuze Finance Switzerland is not a bank and it is not licensed or directly supervised by FINMA. The unit's services are limited to institutional and professional clients on a business‑to‑business basis. The company will not offer these services as retail products and will not operate in jurisdictions — including the EU/EEA — where such an offer would be unlawful.

Management comments

Mo Ali Yusuf, CEO of Fuze Finance, said Switzerland leads in crypto‑asset regulation and that local banks and fintechs require ''secure, regulated infrastructure suitable for the future of finance.''

What this means for Swiss institutions

• Swiss private banks and wealth managers can access institutional stablecoin settlement and crypto‑asset execution through a regulated intermediary without dealing directly with an unregulated offshore counterparty.
• Because Fuze will connect stablecoin rails with established payment systems (SWIFT, SEPA, SIC), institutions get an option that mixes tokenised settlement with existing fiat infrastructures.
• The model relies on partnerships with Swiss‑regulated entities for any services that would otherwise require banking licences or direct FINMA supervision.

Context and constraints

Fuze already holds regulatory licences in other markets, including the Middle East, Turkey and Canada. The Swiss arm is explicitly designed for institutional activity and will not expand retail offerings in Switzerland or elsewhere where local rules would bar such services.

Swiss institutions evaluating Fuze's services should treat the firm as an SO‑FIT‑supervised intermediary for AML purposes, not as a FINMA‑regulated bank. That distinction determines what custody, deposit protection and other banking guarantees apply.

Bottom line

Fuze Finance is positioning itself as a regulated, institutional bridge between stablecoin settlement and traditional payment rails in Switzerland. Its SO‑FIT status allows it to operate under Swiss AML oversight, while the lack of a FINMA licence means it will work through partnerships for any regulated banking functions.