Latest news with #Fasset
Malay Mail
26-05-2025
- Business
- Malay Mail
Malaysia eyes role as Islamic crypto capital with KWAP's strategic stake in Fasset
KUALA LUMPUR, May 26 — On the eve of the Asean-GCC Summit, Malaysia has signalled its ambition to become the world's Islamic crypto capital, with a strategic investment in Dubai-based Islamic digital bank Fasset in the works. Kumpulan Wang Persaraan (Diperbadankan) [KWAP], Malaysia's largest public sector pension fund, is in advanced talks to invest between US$12 million and US$15 million in Fasset. The collaboration aims to place Malaysia at the forefront of ethical digital finance and frontier technology. Fasset, the world's first Islamic digital bank powered by blockchain and AI, is expected to relocate its Asia-Pacific headquarters to Kuala Lumpur as part of the proposed partnership. The firm also plans to establish a Centre of Excellence for Islamic digital assets in the Malaysian capital, to boost the country's ambitions to lead in Shariah-compliant blockchain, tokenisation, and inclusive financial infrastructure. The investment underscores growing institutional interest in high-impact, Shariah-aligned innovation platforms with regional potential. It aligns with KWAP's strategy to explore private capital markets, particularly in digital finance and Islamic-compliant investments. 'This collaboration aligns with KWAP's strategy to support the development of cutting-edge and emerging technologies, while leveraging Malaysia's solid position as a global Islamic finance hub,' said Hazman Hilmi Sallahuddin, Chief Investment Officer of KWAP. Fasset CEO and co-founder Mohammad Raafi Hossain said the partnership with KWAP reflects a shared long-term vision for ethical and inclusive finance. 'Together with KWAP, we are building more than just infrastructure — we are building trust, opportunity, and a stronger financial system for the world,' he said. Malaysia's move comes as the country intensifies its push to lead in Islamic fintech and digital infrastructure. Prime Minister Datuk Seri Anwar Ibrahim recently pledged RM100 million towards Islamic finance innovation under the Halal Industry Master Plan 2030, underscoring the government's commitment to digital transformation and Shariah-compliant financial leadership. The collaboration also supports the broader national agenda to attract global technology firms with transformative visions, positioning Malaysia as a hub for sustainable digital finance across the Asean region.
Zawya
05-05-2025
- Business
- Zawya
Dubai Tokenization platform launches real estate tokenized investment for both retail and institutional investors
Enables fractional real estate investment starting from just $1, opening global property markets to a broader class of investors ForteXchain is powered by Fasset, in collaboration with Zand Bank to ensure secure, regulated digital asset custody and real-world asset tokenization in high-growth markets Launching in the UAE with a Dubai property offering in 2025, followed by global expansion and large-scale real estate tokenization Dubai, UAE – Capital Investment Holding Ltd., and Fasset, in collaboration with Zand Bank, today announced the launch of ForteXchain — a new blockchain-powered platform, that is designed to make global real estate investment more accessible and efficient through tokenization. The UAE, with its dynamic real estate sector and forward-thinking digital asset regulations, serves as the ideal launchpad for fractional real estate investment. ForteXchain eliminates traditional barriers to real estate investing by lowering entry costs, streamlining regulatory processes, and opening access to both novice and seasoned investors. By leveraging blockchain technology, the platform enables fractional investment in real-world properties starting from just $1 drastically reducing the participation threshold and offering unprecedented flexibility to both retail and institutional investors, subject to local regulations. ' Zand is proud to be the first UAE bank to offer institutional-grade custodial solutions, with private keys securely held within the UAE, ' said Michael Chan, CEO of Zand. ' Our mission is to accelerate the growth of the digital economy by expanding global access to tokenized Real-World Assets (RWA), including the real estate market, with unparalleled security, transparency, and regulatory compliance. ' Through tokenization, ForteXchain converts real estate assets into digital tokens, simplifying cross-border transactions and creating new liquidity channels for developers. This innovative approach connects real estate developers with a global investor base and accelerates capital raising while reducing reliance on traditional legal and financial intermediaries. In its inaugural issuance round, ForteXchain will present a curated portfolio of tokenized real estate assets across multiple countries. Letters of Intent (LOIs) have already been issued for the following jurisdictions, with due diligence and project exploration underway: Spain: Elysium City, a pioneering €18 billion sustainable development by Elysium City Spain, is set to transform a 12 million m² site in Extremadura, Spain into a regenerative urban ecosystem over multiple phases in the coming years. Envisioned as a biophilic, self-sufficient city powered by renewable energy, the project will feature over 13,000 homes and create an estimated 56,000 jobs. UAE: Centurion Properties Group & Arabia Capital is a UAE-based Real Estate investment firm specializing in real estate development and hospitality projects across the UAE encompassing residential, commercial, and mixed-use developments. Among its upcoming projects, Centurion Properties Group & Arabia Capital is focusing on Burj Capital, Arabia Residences, and Centurion Business Complex. Malaysia: Bin Zayed International, a leading UAE-based investment group, has announced a significant multi-sector investment plan in Malaysia over the next five years, with a strong focus on real estate, renewable energy, and financial services. Jazz City (Kulim, Kedah) - an ongoing project - is a flagship mixed-use development spanning 70.34 acres in Kulim, Kedah known as the 'Technology City' of northern Malaysia. Additional projects are under review and will be announced in the coming weeks. This initial phase will be followed by a comprehensive roadmap to bring these assets to market. ForteXchain's mission is to redefine how real estate is bought, sold, and invested in unlocking global participation and liquidity through a secure, blockchain-based infrastructure. Following this initial rollout, Phase Two will onboard institutional real estate projects. Phase Three will open the platform to both retail and institutional real estate projects, enabling them to submit and tokenize projects aligned with their respective investment profiles. ForteXchain leverages Fasset's existing regulatory licenses, which provide secure access to high-growth markets such as the UAE, Indonesia, Malaysia, Bangladesh, Pakistan, and Turkey. Zand Bank — a UAE-based AI-powered bank offering institutional-grade digital asset custody will act as the custody partner, responsible for safeguarding investor assets and funds. 'With global real estate valued at over $300 trillion, tokenization unlocks new opportunities for wealth creation and democratizes access to investment,' said Daniel Ahmed, COO and Co-Founder of Fasset. 'Fasset is proud to support ForteXchain with our technology and licensing expertise, enabling secure and compliant access to tokenized real estate.' How It Works: ForteXchain operates on Fasset's digital platform. Users begin by completing identity verification (KYC) to ensure compliance and security. Once verified, users can purchase digital tokens representing shares in specific properties. These tokens can be traded on a regulated marketplace offering liquidity rarely available in traditional real estate markets. Key Platform Features: Fractional ownership of vetted real estate assets Regulated digital marketplace for token trading Transparent blockchain-based transaction records Secure custody of funds and institutional-grade security for digital assets via Zand Bank Regulatory oversight facilitated by Fasset Built-in insurance coverage for fraud and asset protection Target Markets and Future Expansion: ForteXchain's initial target markets include the UAE, Indonesia, Malaysia, and select European countries. Future expansion plans include Bahrain, Bangladesh, Pakistan, Turkey, and South America. Real estate tokenization will eventually migrate to Own, a blockchain developed by Fasset specifically for Real-World Asset (RWA) transactions, following its mainnet launch in late 2025. Investment opportunities will span a diverse range of real estate asset types: development projects, income-generating properties, luxury and hospitality ventures, and institutional portfolios. This flexibility enables investors to align their investments with individual strategies and risk profiles — from young professionals to high-net-worth individuals. To learn more, visit About Capital Investment Holding Ltd. Capital Investment Holding Ltd. is a distinguished financial services firm specializing in strategic investments and asset management. With a diversified portfolio across sectors, the company is dedicated to identifying and nurturing high-potential opportunities that deliver long-term value. Its expertise in navigating complex financial environments makes it a trusted partner in the global investment community. About Fasset Fasset is a digital asset platform committed to driving financial inclusion in emerging markets. In 2024, Fasset launched Own, its Ethereum Layer 2 solution, designed to democratize access to decentralized finance. Founded by Mohammad Raafi Hossain and Daniel Ahmed, Fasset holds regulatory approvals across several jurisdictions, including the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and Bahrain with expansion plans underway. About Zand Zand is the first fully licensed all-digital bank in the United Arab Emirates, founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy. Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank. Zand, the AI-powered bank for the digital economy.
Zawya
07-04-2025
- Business
- Zawya
Fasset, Own and Dinari tokenize $1bln in U.S. equities for global investors
Largest-ever tokenization of U.S. equities, with access to nearly 100 blue-chip stocks including NVIDIA, Tesla, and Apple Own, in partnership with Fasset, will distribute the tokenized equities to major high-growth markets globally Dubai, UAE — Own and Dinari today announced a partnership to bring $1 billion worth of U.S. equities on-chain, increasing the current tokenized equities market by more than 66x by the end of 2025. Dinari's tokenized securities platform provides global access to U.S. public markets and will be distributed through Fasset's licensed entities in the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and elsewhere, greatly expanding access to US equities for growing investor segments around the world. Backed by Fasset, Own is the first Ethereum Layer 2 protocol built for the creation, management and distribution of tokenized real-world assets (RWAs). Dinari's technology simplifies the issuance and distribution of fully-backed tokenized assets, offering access to over 100 stocks, ETFs, and REITs, including MSTR, TSLA, NVDA, SPY, META, AAPL, GOOGL, MSFT, and AMZN. "U.S. equities have created trillions in wealth, but for most of the world, they remain effectively out of reach,' said José Fernando Pereira, Executive Director of Own. 'This partnership creates direct access to these markets for global investors without the premium fees and extra steps that have limited participation.' Borderless Finance on Own Own is incubated by the Own Foundation in partnership with Fasset, holding the largest portfolio of regulatory licenses and authorizations in high-growth markets. With Fasset's support, Own has: Full permission to distribute and market virtual assets in rising economies. Local banking rails for seamless transactions. Fiat on/off-ramp infrastructure. Established trust with local regulators and central banks. For investors in high-growth markets, the impact is transformational. Traditionally, access to U.S. equities from places like Jakarta or Karachi has involved substantial barriers: high fees, large minimum investments, and multi-day settlement times. Through this partnership, investors can access fractional shares with lower fees, minimal entry barriers, and near-instant settlement, unlocking U.S. markets in ways that were previously out of reach. 'Tokenized real-world assets are one of the most in-demand digital asset use cases globally,' Mohammad Raafi Hossain, CEO and Co-Founder of Fasset, said. 'We have already seen growing investor demand for these high-quality, compliant assets, and this partnership will fuel greater liquidity and market depth for tokenized assets.' This follows a +1,000% month-on-month increase in tokenized US equities transactions on Fasset, driven by one of the largest on-chain equity settlements to date via Arbitrum and Dinari. The equities tokenized by Dinari on Own will be available for trading in conjunction with Own's mainnet launch in Q4 of 2025. 'Dinari dShares enable investors around the world to access U.S. public markets without ever having to leave their preferred ecosystems and applications,' Gabriel Otte, Co-Founder of Dinari added. 'We're thrilled to partner with Fasset and Own Chain to deliver value to investors and grow the tokenized asset space together.' -Ends- Notes: * According to a March 2025 Keyrock report, The Great Tokenization Shift: 2025 and the Road Ahead, the estimated total for tokenized equities is currently $15 million. About Fasset Fasset is a digital asset platform focused on enhancing financial inclusion in emerging markets, enabling individuals and businesses to securely invest from anywhere in the world. In 2024, Fasset introduced Own, its Ethereum Layer 2, designed to expand access to decentralized finance globally. Founded by Mohammad Raafi Hossain and Daniel Ahmed, Fasset has raised $26.7 million in funding and holds regulatory approvals in several countries, including the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and others, for offering tokenized assets. For more information, please visit About Own Own is an Ethereum Layer 2 (L2) blockchain, backed by Fasset in partnership with the Own Foundation. Built on Arbitrum, Own bridges global asset owners with investments in high-growth markets. By enabling tokenized investments in gold, real estate, stocks, and other financial instruments, Own lowers barriers to entry and expands financial inclusion. Backed by Fasset, holder of the largest portfolio of regulatory licenses in emerging markets, Own seamlessly integrates legal and regulatory compliance into its infrastructure through adaptable smart contracts. This ensures a developer-friendly environment and supports the global adoption of real-world asset (RWA) projects. The Own Foundation, governing the interests of all Own token holders, is committed to onboarding 30 million asset owners onto the blockchain by 2030, driving financial empowerment in emerging economies. About Dinari Dinari's mission is to enable investing in anything from anywhere through its blockchain-based tokenization technology. With Dinari, financial institutions and fintech companies can offer their customers seamless access to U.S. public markets through Dinari's fully backed dShares, or tokenize their own products to reach more investors around the world. With intuitive, turnkey integration, Dinari makes it easy to remain at the forefront of financial technology. Dinari is a Registered Transfer Agent with the United States Securities & Exchange Commission (Section 17A(c)). Visit to learn more.
