Crypto Gateway Fasset Receives EU Authorization

Wednesday, 13/04/2022 | 17:25 GMT by Felipe Erazo
  • Labuan Financial Services Authority previously gave Fasset three full authorizations.
  • Fasset was launched in 2019.
European Union

Fasset, a global digital asset gateway, announced on Wednesday that it would expand into the European Union after securing a cryptocurrency authorization.

According to the press release, as part of the company’s long-term growth strategy, Fasset has previously obtained three separate full authorizations from the Labuan Financial Services Authority, and this latest move will allow it to expand its digital asset services to more retail and institutional investors globally.

“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,” Mohammad Raafi Hossain, the Co-Founder and Chief Executive Officer of Fasset and former Advisor to the UAE Prime Minister’s Office, commented on the announcement.

Fasset, which launched in 2019, is the first platform to harness the power of digital assets with the real economy. In partnership with Middle East fintech company Infinios (formerly NEC Payments), Fasset completed the first Proof-of-Concept tokenization of a Tesla charging unit in an effort to advance the electric vehicle (EV) industry and make it more sustainable.

Revolut Expansion in the APAC Region

Recently, Revolut, one of the fastest-growing financial apps with more than 18 million users worldwide, announced that it appointed Charles Debonneuil as APAC General Manager. According to the press release, he will focus on growth in the Asia-Pacific region.

The executive will pay special attention to building out Revolut’s local Growth teams and developing the business’ growth strategy, driving rapid new user acquisition in the APAC region.

Fasset, a global digital asset gateway, announced on Wednesday that it would expand into the European Union after securing a cryptocurrency authorization.

According to the press release, as part of the company’s long-term growth strategy, Fasset has previously obtained three separate full authorizations from the Labuan Financial Services Authority, and this latest move will allow it to expand its digital asset services to more retail and institutional investors globally.

“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,” Mohammad Raafi Hossain, the Co-Founder and Chief Executive Officer of Fasset and former Advisor to the UAE Prime Minister’s Office, commented on the announcement.

Fasset, which launched in 2019, is the first platform to harness the power of digital assets with the real economy. In partnership with Middle East fintech company Infinios (formerly NEC Payments), Fasset completed the first Proof-of-Concept tokenization of a Tesla charging unit in an effort to advance the electric vehicle (EV) industry and make it more sustainable.

Revolut Expansion in the APAC Region

Recently, Revolut, one of the fastest-growing financial apps with more than 18 million users worldwide, announced that it appointed Charles Debonneuil as APAC General Manager. According to the press release, he will focus on growth in the Asia-Pacific region.

The executive will pay special attention to building out Revolut’s local Growth teams and developing the business’ growth strategy, driving rapid new user acquisition in the APAC region.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
  • 43 Followers
About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 43 Followers

More from the Author

CryptoCurrency

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}