AB Xelerate, Arab Bank’s fintech accelerator, and Fuze have signed a MoU. The agreement aims to explore collaboration on digital asset products and services in Jordan.
The partnership intends to support Jordan’s Economic Modernisation Vision. It will do so by strengthening digital financial infrastructure and enabling the development of regulated financial services.
AB Xelerate and Fuze will assess potential digital asset use cases.
They will utilise Fuze’s Digital Assets-as-a-Service (DaaS) infrastructure alongside Arab Bank’s banking expertise and regional presence.
The focus will be on secure and compliant digital asset offerings. These offerings can integrate into Arab Bank’s existing digital channels, subject to regulatory approval.
Commenting on the collaboration, Eric Modave, Arab Bank Deputy CEO/Chief Operating Officer, said:
“Digital assets are an emerging area in the financial services industry, and collaborating with Fuze, a regional expert in regulated digital assets infrastructure, is aligned with our commitment to deliver compliant and secure, value-driven solutions for Arab Bank customers.”
Fuze CEO Mohammed Ali Yusuf added:
“Responsible financial services innovation must be built on secure, compliant infrastructure. Over the coming months, we look forward to supporting AB Xelerate’s team with next-generation solutions.”
The MOU forms part of AB Xelerate’s efforts to evolve Arab Bank’s digital services, including strategy development, product design, risk and compliance considerations, and technical integration.
These activities will operate within the Jordan Regulatory Sandbox (JoRegBox) and under the oversight of local regulatory authorities.
The collaboration reflects increasing institutional interest in regulated digital asset innovation and the growing role of bank-led initiatives in the region’s digital assets ecosystem.
Both parties have emphasised adherence to regulatory requirements, risk management, and consumer standards in their approach.
Featured image credit: AB Xelerate press release
