Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank

Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank

Approval lets Fasset offer full-service, Shariah-compliant digital banking backed by stablecoins

Fasset Secures Provisional Banking License to Become World’s First Stablecoin-Powered Islamic Bank

Fasset, a leading global financial superapp, has secured approval from Malaysia to provide banking services. The license completes Fasset’s ability to provide full-service digital banking to its existing global user base of 500,000 within a regulated sandbox for Islamic fintech innovations, establishing Fasset as the world’s first stablecoin-powered Islamic digital bank.  Fasset seeks to become for people in Asia and Africa what NuBank has been …

Dubai Fasset Gets Malaysia Banking License to Launch Shariah-Compliant ...

Fasset Wins Malaysian License to Launch Stablecoin-Powered Islamic Digital Bank

Malaysia Labuan FSA issues Fasset a provisional license for stablecoin-based Islamic digital banking. The site provides Shariah-compliant services such as zero-interest banking, deposits, and international remittances to 500,000 customers around the world. Dubai-based fintech company Fasset has acquired regulatory clearance from Malaysia’s Labuan Financial Services Authority to establish a digital banking service combining Islamic finance princ…

Fasset Gets Approval to Launch Stablecoin-Backed Islamic Digital Bank

In a move that underscores the growing intersection of blockchain innovation and Islamic finance, Fasset has announced that it has secured a provisional license from Malaysia’s Labuan Financial Services Authority (FSA). This marks the company’s entry into the realm of Islamic digital banking, promising Shariah-compliant financial services powered by stablecoins. The development signals a significant shift toward integrating crypto assets with tr…

Fasset wins Malaysia license for stablecoin-powered ‘Islamic digital bank’

Fasset has secured a provisional license from Malaysia’s Labuan FSA to launch the world’s first stablecoin-powered Islamic digital bank, offering Shariah-compliant services.