Fasset, a global digital asset gateway, has officially launched its platform in Bahrain, aiming to enhance financial access for investors across the MENA region. Following the receipt of a Category 4 Crypto Asset Service Provider (CASP) license from the Central Bank of Bahrain (CBB), the company is now set to offer a suite of services including tokenised US stocks and support for regional digital artists.
A New Gateway for Digital Assets
At its core, Fasset’s platform provides users with a secure and regulated environment to buy, sell, swap, and earn returns on a range of digital assets. The initial offering includes prominent cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), alongside various stablecoins, catering to both new and experienced investors in the digital economy.
Democratising Access to US Equities
A standout feature of Fasset’s launch is the introduction of tokenised US stocks. This innovative service allows users in the MENA region to gain fractional ownership of blue-chip American companies, including giants like Apple and Tesla. By tokenising these equities, Fasset breaks down traditional barriers to entry, enabling individuals to invest in high-value stocks with smaller capital amounts and promoting broader market participation.
Fostering the Regional Creator Economy
Beyond traditional finance, Fasset is also making a strategic move to support the region’s burgeoning digital art scene with the launch of Fasset Art. This dedicated platform will serve as a launchpad and marketplace for MENA-based digital artists, providing them with tools and a global audience to showcase and monetise their work as non-fungible tokens (NFTs).
Strategic Backing and Regulatory Approval
The launch is built on a foundation of strong regulatory compliance and investor confidence. Fasset’s operations are fully licensed by the Central Bank of Bahrain, positioning the Kingdom as its hub for the MENA region. The company’s vision is supported by notable international investors, including Liberty City Ventures and Fatima Gobi Ventures, underscoring its potential to impact emerging markets.
About Fasset
Fasset is a digital asset gateway focused on driving financial inclusion and democratising access to investment opportunities in emerging markets. Led by CEO Mohammad Raafi Hossain, the company aims to bridge the gap for unbanked and underbanked populations by leveraging blockchain technology to offer secure, accessible, and regulated financial products.
Looking Ahead
Fasset’s launch marks a significant step for Bahrain’s fintech ecosystem, reinforcing its status as a progressive regulatory hub in the Middle East. By combining crypto services with tokenised real-world assets like US stocks, the platform addresses a clear demand for diversified and accessible investment products. This move is poised to not only accelerate digital asset adoption in the region but also set a new standard for financial innovation and inclusion.
Source: Fintech News AE
