Fasset Obtains Dubai License to Enhance Its Digital Asset Offerings
In Brief
Fasset, a UAE-based company, has achieved a critical operational license in Dubai aimed at broadening its digital asset services to attract a wide array of investors.
A leading platform for digital asset investing Fasset , has received an essential operational license in Dubai as a Virtual Asset Service Provider ( VASP ). This license empowers Fasset to expand its service offerings to various clients, encompassing institutional, qualified, and retail investors.
The acquisition of the complete license, including the final operating license stage, allows the company to provide a range of services such as broker-dealer activities and offering tokenized bonds and stocks, in collaboration with Dubai’s Virtual Asset Regulatory Authority ( VARA ).
Since its launch, the platform gained prominence in 2020 by rolling out zero-fee trading across six nations in the Gulf Region and unveiling an innovative operating system based on blockchain technology for ethical financing of sustainable infrastructure. Ethereum Throughout the years, Fasset has emphasized applying its solutions to real-world scenarios for a diverse client base, creating compliant remittance channels and broadening its operational reach.
Fasset has established a firm foothold in the digital asset sector, having acquired licenses and authorizations in the European Union. Its recent expansion into Indonesia, through a collaboration with
Indonesia, further boosts its global presence. Mastercard Fasset’s Strategic Positioning and Global Impact
— noted for its progressive regulatory structure — significantly enhances Fasset’s licensing portfolio around the globe. This will strengthen the company's foothold in important markets including Indonesia, Malaysia, Bangladesh, Pakistan, and Turkey.
The license from VARA CEO Mohammad Raafi Hossain, who has been actively involved in discussions regarding crypto regulations at the UAE Prime Minister’s Office, emphasizes the significance of this licensing approval. He considers it a vital aspect of Fasset’s growth strategy.
With headquarters situated in both Indonesia and Dubai, Fasset is ideally positioned to utilize its unique perspectives and experiences gained during the COVID-19 pandemic while based in London.
Fasset’s latest success in Dubai marks a pivotal moment in its mission to transform digital asset services. The company’s growth strategy, grounded in strict compliance measures, sets a new standard for others in the field.
As Fasset forges ahead with its innovations and expansion plans, it looks set to make a considerable impact on the digital asset ecosystem. The firm combines sophisticated technology with a strong adherence to regulations for its varied clientele.
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In line with the Trust Project guidelines Nik is a proficient analyst and writer at Metaverse Post, focusing on delivering top-notch insights into the rapidly evolving tech landscape, with a special focus on AI/ML, XR, VR, on-chain analytics, and blockchain development. His writings engage and educate a diverse readership, allowing them to stay ahead of the technology curve. Holding a Master’s degree in Economics and Management, Nik possesses a solid understanding of the business landscape and its intersection with cutting-edge technologies.
