Fasset

About

Fasset is a stablecoin-powered digital bank and regulated crypto platform built in 2019 for interest-free saving, investing, and global payments. It brings together blockchain technology, multi-currency banking, and digital asset investing in one place, so users can manage crypto, stocks, and tokenized assets without switching platforms. Active across Asia and Africa and reaching users in over 125 countries, Fasset focuses on financial inclusion, ethical investing, and making wealth creation more accessible through a secure and compliant setup. Key Features of Fasset • • Users can stake crypto assets and earn returns with flexible plans and performance tracking tools. • Supports instant settlements and global money transfers, powered by its own network for on-chain speed and efficiency. • Enables users to buy, sell, swap, send, and receive digital assets, along with portfolio tracking and real-time market data insights. • Operates as a regulated virtual asset service provider, offering bank-grade security, compliance standards, and KYC verification systems. Fasset Milestones Year Achievements 2019 Founded in London and Dubai by Mohammad Raafi Hossain and Daniel Ahmed. The goal was simple: open up access to real-world assets (RWAs). 2020 Launched the first prototype for infrastructure tokenization. The focus was on ethical and sustainable assets. 2021 Got early regulatory approvals in the Middle East. Raised around $4.7M in seed funding and rolled out the beta exchange. 2022 Raised $22M in Series A funding led by Liberty City Ventures and Fatima Gobi Ventures. Expanded into Southeast Asia, with a strong move into Indonesia. 2023 Partnered with Mastercard to introduce a crypto-card solution for emerging markets. Also teamed up with Indosat Ooredoo Hutchison. 2024 Secured a full Virtual Asset Service Provider (VASP) license from Dubai’s VARA. Launched a digital asset platform across Indonesia. 2025 Received a provisional license in Malaysia to build a stablecoin-powered Islamic bank. Acquired DAO PropTech to grow real estate tokenization. Launched "Own Labs" (Ethereum Layer 2). Also introduced Pakistan’s first tokenized gold solution under an SECP sandbox license.

Funding

• Series ALiberty City Ventures2,20,00,00015 Apr 2022
• Series AFatima Gobi Ventures2,20,00,00015 Apr 2022

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