Fasset, a digital asset investment platform, has received a license from the Dubai regulatory authority to operate as a Virtual Asset Service Provider (VASP).
Digital Asset Investment Platform Fasset Received License from Dubai
The license will allow Fasset to serve institutional investors, qualified investors and individual investors.
Fasset FZE has completed the third stage of the full licensing process, which includes a temporary permit, a preliminary license and an operating license.
The license will enable Fasset to provide broker-dealer services and offer tokenized bonds and shares in collaboration with Dubai's Virtual Asset Regulatory Authority (VARA).
Fasset is focused on prioritizing real-life use cases and creating compatible remittance corridors for a wide range of customers.
Obtained licenses and authorizations to operate in the European Union. It also partnered with Mastercard Indonesia in Indonesia in August.
“VARA approval, one of the world's most progressive regulatory frameworks, is a crucial link in our global licensing portfolio connecting places like Indonesia, Malaysia, Bangladesh, Pakistan and Turkey,” said Fasset CEO Mohammad Raafi Hossain.
*This is not investment advice.