Niki Saki has stepped down as Chief Executive Officer of MEX Orient. She shared the update in a LinkedIn post today (Friday), confirming the end of her involvement with the project. Saki served as Chief Executive Officer of MEX Orient for six months, based in Dubai.

MEX Orient was launched by MultiBank Group to expand into underdeveloped markets, focusing on Central Asia, the Middle East, and North Africa. The unit was led by Saki and aimed to manage region-specific operations.

Fuchase Targets Brokers, Investors Globally

In the announcement, she thanked the MultiBank team for their trust and collaboration but did not elaborate on the reasons for her departure.

Now a former CEO of MEX Orient, Saki plans to focus on new initiatives. She introduced one of them, a platform called Fuchase, describing it as “a specialized marketplace designed for institutional financial organizations, providing a platform where they can connect with Tier 1 and Tier 2 liquidity providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term, fintech firms, banks, hedge funds, and wealth management companies.”

The platform will offer structured solutions and expert advisory services to help organizations explore, compare, and select offers suited to their needs.

Saki said Fuchase will serve Introducing Brokers, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers, and investors, offering access to advanced tools for financial operations. She added that the platform aims to support the performance and growth of financial institutions globally. Details of a second project are expected in the coming months.

MultiBank, MAG Partner for Asset Tokenization

Meanwhile, MultiBank has partnered with Dubai-based MAG and blockchain firm Mavryk in a $3 billion agreement to tokenize real estate assets. The initiative, led through MultiBank.io, involves bringing high-value properties onto the blockchain.

MultiBank.io is operated by MEX Digital FZE, which recently obtained a Virtual Asset Service Provider license from Dubai’s VARA. The license allows certain virtual asset activities and supports the platform’s infrastructure. A utility token, $MBG, will be used for access and transactions within the digital investment ecosystem.