After securing its cryptocurrency authorisation, Fasset, a digital asset gateway, has announced its entrance into the European Union (“EU”). With the authorisation, Fasset will strengthen its global operations to serve the growing digital asset sector in the EU market and beyond.
Fasset previously secured three separate full authorisations from the Labuan Financial Services Authority and as part of the company’s long-term growth strategy, this latest milestone will allow Fasset to bring its frictionless digital asset services to more retail and institutional investors across the world as it strengthens its presence globally.
Celebrating the achievement, Mohammad Raafi Hossain, Fasset co-founder and chief executive officer, and former advisor to the UAE Prime Minister’s Office said, “The digital asset sector has become an undeniable force in today’s financial and technological landscape. The EU is a hotbed for crypto activity, with a number of member states leading the charge in both innovation and implementation. With this license, Fasset can continue on its mission of enabling greater access to crypto assets, bringing investors a step closer to the future of finance. The EU will serve as a cornerstone as we look to connect the remittance corridor between the West and the East.”
The EU continues to be a global leader in digital asset adoption with Central, Northern and Western Europe outpacing all other regions to be the biggest cryptocurrency economy in the world. Representing a quarter of global cryptocurrency activity worth over $1trillion, the EU is already an established hub for digital assets and a thriving market for growth and innovation in emerging technologies, playing an influential role in steering the future of finance.
Launched in 2019, Fasset is a multi-country digital asset gateway that aims to connect the next billion to buy, sell, send and store digital assets such as cryptocurrency and real world asset tokens. Bringing easy, free, and frictionless access to digital assets, Fasset is providing people in frontier markets with the knowledge and the tools to build a better future.
Fasset built a comprehensive ecosystem dedicated to merging digital asset innovations with the real economy. Previously partnering with Middle East fintech company Infinios (formerly known as NEC Payments), Fasset successfully completed the first Proof-of-Concept tokenisation of a Tesla charging unit in a move to accelerate progression of the electric vehicle (EV) industry in pursuit of creating a more sustainable future.