Digital Asset Investment Platform Fasset Wins Operational Licence in Dubai
Fasset, a digital asset investment company, has been granted a license to operate as a Virtual Asset Service Provider (VASP) in Dubai. The process involved three stages which Fasset has successfully completed, thereby enabling it to offer broker-dealer services and various tokenized financial instruments. Beginning in 2020, the company offered zero-fee trades in the Gulf Region and developed the world’s first Ethereum blockchain-based system for ethical, sustainable financing. Since then, the firm has expanded its licences and operations into Indonesia and the European Union. Its newest license in Dubai is seen as a vital link in establishing a global presence, according to CEO Mohammad Raafi Hossain. The company now has dual headquarters in Indonesia and Dubai.
