Fasset
Growth Score40DXBi Rank16Heat Score100Dubai-based digital asset investment platform.
Media
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Stablecoin banking startup Fasset valued at $1bn after SBI-led Series C
SBI Remit and Fasset Partner to Build Stablecoin Remittance Network
Stablecoin-Powered Neobank Fasset Raises $51 Million to Expand Across Emerging Markets
Musaffa and Fasset Partner to Expand Regulated, Tokenized Halal Investing
Fasset: Series B Funding
Fasset acquires DAO PropTech
Fasset wins Malaysia (Labuan) license for first stablecoin-powered Islamic digital bank
ORO launches as first app on Fasset's Own Network, with Fasset backing its pre-seed round
Fasset FZE Granted VARA Operational (VASP) License
Overview
Fasset is a Dubai-headquartered fintech enabling retail access to tokenised and digital asset investments across emerging markets.
Total Funding
$51M
Growth Score
Trending down
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Private
- Funding Stage
- Series B
- Headquarters
- Dubai, UAE
- Founded
- 2019
- Company Size
- 51-200 employees
- Website
- fasset.com
Products & Services
Fasset app (financial super-app)
Core consumer platform for multi-currency accounts, investing (crypto, stocks, funds, commodities), earning, and cross-border payments across 125 countries
Fasset Card
Global debit card linked to the Fasset platform
Own Network
Fasset's proprietary Ethereum Layer-2 / stablecoin payments and custody infrastructure connecting 50+ banking corridors and 16 blockchain networks, used for tokenized real-world assets and remittances
Fasset Engine
API/infrastructure product enabling enterprises (banks, payment companies, telcos) to plug into Fasset's stablecoin and tokenization rails
OTC Trading Desk
Over-the-counter trading service for digital assets
People
Technology
Tech stack
Financials
Series B
Funding stage
$51M
Total raised
Funding rounds
Projects
Fasset acquires DAO PropTech
Fasset acquired Pakistan's DAO PropTech, a real-estate tokenization platform that had tokenized over $150M of real estate across ~2,000 units for a user base of 80,000+, acquiring its technology, IP, users and key team to accelerate real-world-asset tokenization across Africa and Asia.
Nov 7, 2025
Fasset wins Malaysia (Labuan) license for first stablecoin-powered Islamic digital bank
Fasset Islamic Digital Bank Limited received conditional approval from the Labuan Financial Services Authority under the I-BOX sandbox regime, positioning Fasset to launch what is described as the world's first stablecoin-powered Islamic digital bank, offering zero-interest banking, deposits and cross-border payments.
Oct 7, 2025
Tether and Fasset launch world's first gold-backed Visa card
Fasset partnered with Tether to launch a Visa-network neobanking card offering up to 6% cashback in Tether Gold (XAUᴛ), with automatic round-up investing into tokenized gold; Tether committed up to $1M in XAUᴛ to support the rewards program.
Apr 27, 2026
ORO launches as first app on Fasset's Own Network, with Fasset backing its pre-seed round
ORO, a regulated tokenized-gold protocol founded by Usman Saleem and Juan Marchetto, launched as the first application built on Fasset's Own Network L2, unlocking $1B of tokenized gold on-chain; ORO's ~$1.5M pre-seed round (led by 468 Capital) included Fasset as a participating investor. Note: some secondary aggregators loosely describe this as an 'acquisition' by Fasset, but primary sources indicate it was an investment/ecosystem partnership, not a takeover.
Mar 1, 2025
Fasset FZE Granted VARA Operational (VASP) License
Dubai's Virtual Asset Regulatory Authority (VARA) granted Fasset FZE a full Virtual Asset Service Provider operational license (Broker-Dealer services), authorizing it to serve institutional, qualified, and retail investors — reported as the first VARA-licensed entity authorized for retail customers via a web3-based financial super-app, and the sixth crypto firm licensed by VARA that month.
Nov 30, 2023
SBI Remit and Fasset Stablecoin Payment Network Partnership
Japan's SBI Remit partnered with Fasset (via an MoU) to build stablecoin-based cross-border payment infrastructure, combining SBI Remit's remittance distribution with Fasset's 'Own Network' spanning 50+ banking/payment corridors and 16 blockchain networks. SBI Holdings also made a concurrent strategic investment in Fasset. Plans include extending into stablecoin-enabled debit cards, wallet integrations, and cash-to-agent services.
Jun 18, 2026
Musaffa and Fasset Partnership for Tokenized Halal Investing
Musaffa, a New York-based Islamic fintech and SEC-registered investment advisor (Shariah screening across 120,000+ stocks and 9,000+ ETFs), partnered with Fasset to jointly develop and distribute tokenized, Shariah-compliant stocks and ETFs, plus co-branded financial literacy content via Musaffa Academy. Fasset COO Daniel Ahmed was quoted on the deal.
Jan 1, 2026
Fasset: Series B Funding
Series B Funding involving Fasset (Fintech / Digital Assets).
Jan 1, 2026
Fasset raises $51M Series B
Dubai digital asset platform Fasset closed a $51M Series B round from multiple institutional investors including Arz Portföy.
$51M
Jun 15, 2026
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Official Channels
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Press & Announcements
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