UAE / Firms / FUZE

FUZE

FUZE: 1 company holds an active VASP licence from Dubai's VARA (Morpheus Software Technology FZE (FUZE), VL/23/10/002), permitted to serve retail, qualified and/or institutional investors. VARA register read 21 Oct 2026.

Status

VARA licence (active) · checked 21 Oct 2026
Dubai VARA only (excluding the DIFC). Licences from the SCA, ADGM's FSRA or the DIFC's DFSA are not covered.

VARA licence

Morpheus Software Technology FZE (FUZE): VASP licence VL/23/10/002, issued 19 Oct 2023, status Active. Activities: Broker-dealer. Licence condition: “Permitted to serve Institutional Investors, Qualified Investors and Retail Investors. Permitted to serve Retail Investors through Licenced Financial Institutions.” Website listed by VARA: fuze.ae. SCA register number CMA-VASP-0100000-0015. VARA register official

VARA notice

18 Aug 2025: VARA notice of fines: VARA found failures in the AML programme, governance and controls, and that the firm “intentionally conducted unlicensed VA activity, in breach of the conditions set out in the Licence”; a financial penalty was imposed and a Skilled Person is to oversee remediation. VARA notice official

Activity

Broker-dealer (Main licensed activity (exchange > broker-dealer > custody > other))

Public statement

Not applicable.

History

• 19 Oct 2023VARA VASP licence issued to Morpheus Software Technology FZE (FUZE) (Broker-dealer). — vara.ae official
• 18 Aug 2025VARA notice of fines: VARA found failures in the AML programme, governance and controls, and that the firm “intentionally conducted unlicensed VA activity, in breach of the conditions set out in the Licence”; a financial penalty was imposed and a Skilled Person is to oversee remediation. — vara.ae official

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