Fasset Ventures into Dubai: From Sand Dunes to Crypto Moons

Digital Asset Investment Platform Fasset Secures Operational Licence in Dubai

Dubai grants operational license to Fasset, digital asset investment platform.

Well, well, well, look who’s taking the blockchain world by storm! Fasset, the digital asset investment platform, has snagged a license to operate in Dubai as a Virtual Asset Service Provider (VASP). And no, it’s not an April Fool’s joke! Dubai’s Financial Services Authority has given its seal of approval, allowing Fasset to cater to institutional, qualified, and retail investors. Talk about making a grand entrance!

But as with all good things, getting a full license ain’t a walk in the park. There are three stages involved—provisional permit, preparatory license, and operating license. Fasset FZE has clambered its way to the top and now stands tall, ready to provide broker-dealer services and tokenize bonds and stocks. It’s like they’ve built a bridge between Wall Street and the shining city of Dubai!

While unicorns prancing through skyscrapers may have caught your attention, Fasset has been up to a lot more. Last year, they boldly announced zero-fee trades for users in six Gulf countries. That’s right, zero. Zip. Nada. Zilch. It’s like they’re saying, “Hey, investors, we’ll make sure to leave more money in your pocket than you do in your sofa cushions!”

And let’s not forget their pièce de résistance—the world’s first operating system built on the Ethereum blockchain, dedicated to financing ethical and sustainable infrastructure. It’s like they’ve created a magical playground where Greenpeace meets Wall Street. Simply astounding!

• U.S. Treasury Wants Superpowers to Battle Crypto Crime
• The Crypto Cops Are On a Rampage: Brace Yourselves!
• Paxos Takes Over Abu Dhabi: Regulatory Approvals Secured!

But wait, there’s more! Fasset has been on a quest to prioritize real-life use cases for their diverse range of customers. They’ve gone ahead and secured licenses to operate in the European Union. Talk about spreading like wildfire! And in a move that would make Indiana Jones proud, they launched in Indonesia, partnering with the one and only Mastercard Indonesia.

Mohammad Raafi Hossain, the CEO of Fasset, proudly declares Dubai’s approval as a crucial link in their global licensing portfolio. It’s like they’ve connected colorful dots from Indonesia to Malaysia, Bangladesh to Pakistan, and Turkey to the Eiffel Tower. Yep, that’s how far their dreams reach!

But before we wrap this up, let’s take a step back and appreciate Fasset’s genesis. The founding team, heroes in their own right, started the initial conversations for crypto regulation at the United Arab Emirates Prime Minister’s Office. From there, they set out on an adventure that took them from London to dual-headquartered glory in Indonesia and Dubai. It’s like they’ve morphed from a red telephone booth into a shining crypto castle.

So, dear readers, buckle up and get ready to witness Fasset’s journey from sand dunes to crypto moons. This is just the beginning, and the future looks brighter than a supernova in the crypto universe!

Article originally published on Cyber Magazines and Blocking.net.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!