Traditional banking in the Levant is taking a major step toward Web3 integration. Cairo Amman Bank has signed a Memorandum of Understanding (MoU) with MENA digital assets infrastructure provider Fuze to explore and develop regulated digital asset capabilities in Jordan.
Quick Facts
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MoU signed to explore digital assets in Jordan.
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Partnership operates within the Jordan Regulatory Sandbox (JoRegBox).
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Evaluates Fuze’s Digital Assets-as-a-Service infrastructure for banking.
Navigating Digital Assets Through Jordan’s Regulatory Sandbox
The collaboration between the two financial entities is deeply rooted in compliance, operating strictly within the frameworks established by the Central Bank of Jordan and the Jordan Regulatory Sandbox (JoRegBox). This structured environment allows both parties to evaluate the feasibility of digital asset services in a highly controlled setting.
The core objective is to assess how digital assets can safely advance the broader banking ecosystem in the Kingdom. By leveraging Fuze’s Digital Assets-as-a-Service (DaaS) infrastructure, Cairo Amman Bank plans to explore new product development, technical upgrades, and compliance-driven operational processes.
Dr. Kamal Al-Bakri, CEO of Cairo Amman Bank, emphasized the focus on user journey enhancements. “We constantly look at ways that can improve the customer experience and there are many strong potential opportunities presented by digital assets. The Jordan Regulatory Sandbox established by the Central Bank has enabled us to collaborate with Fuze and explore how we can enhance the digital banking journey for our customers and colleagues,” he noted.
Bridging Traditional Banking and Web3 Infrastructure
Any actual implementation of these digital asset capabilities remains subject to final regulatory approvals. However, the exploratory phase signals a clear intent from one of Jordan’s prominent banking institutions to modernize its financial offerings and meet evolving consumer demands for digital-first financial products.
Mohammed Ali Yusuf, CEO of Fuze, highlighted the bank’s methodical strategy. “Cairo Amman Bank is taking a thoughtful approach to evaluating digital asset services, grounded in regulation and customer trust. Through this MoU, we look forward to supporting the Bank as it assesses how regulated digital asset infrastructure can fit within Jordan’s evolving financial landscape,” Yusuf stated.
This partnership aligns with broader regional trends where legacy financial institutions are actively seeking secure, compliant pathways to integrate blockchain and digital asset services without compromising systemic stability.
About Fuze and Cairo Amman Bank
Founded by an expert team of fintech, traditional finance, and decentralized finance leaders, Fuze provides a Digital-Assets-as-a-Service infrastructure platform. The company enables banks and fintechs to embed regulated digital assets products into existing trading and payment systems. Fuze also offers Over-The-Counter (OTC) services for institutions and high-net-worth individuals to execute large-scale trades.
Cairo Amman Bank is a prominent financial institution in Jordan, offering a comprehensive suite of banking solutions. The bank maintains a strong focus on digital transformation to better serve retail customers, institutions, and enterprises across the Kingdom.
Source: Zawya
