Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Ripple Prime: How The Company Just Set A Major Record That Boosts The XRP Ledger

October 27, 2025

Bitcoin Price Could See A New All-Time High Above $126,000 If It Breaks This Critical Level

October 27, 2025

X Layer Mainnet Upgrade Underway, Services Temporarily Suspended

October 27, 2025
Facebook X (Twitter) Instagram
Monday, October 27 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

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

October 7, 2025Updated:October 7, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank
Share
Facebook Twitter LinkedIn Pinterest Email
ad



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

Fasset, a digital asset funding platform, has been given a provisional banking license in Malaysia, clearing the best way for what it calls the world’s first stablecoin-powered Islamic digital financial institution.

The transfer locations Fasset inside a regulated sandbox for Islamic fintech, enabling the corporate to increase its present digital asset platform into full-service banking, the corporate stated in a press launch on Tuesday.

With the brand new license, Fasset plans to supply Shariah-compliant financial savings, financing, and funding companies that use stablecoins and tokenized property. Prospects will be capable to maintain deposits, put money into U.S. shares, gold, and crypto, and spend by a deliberate Visa-linked crypto card.

CEO Mohammad Raafi Hossain stated the brand new license combines “the credibility of a world banking establishment with the innovation of a fintech rebel.” Fasset additionally plans to roll out “Personal,” an Ethereum Layer 2 community constructed on Arbitrum, to settle regulated real-world property on-chain.

The corporate stated that its stablecoin infrastructure permits customers to keep away from interest-bearing merchandise whereas preserving the worth of their property towards inflation or forex swings. Shariah forbids all types of curiosity (often known as riba).

Fasset goals to handle a persistent hole in monetary inclusion throughout the $5 trillion international Islamic finance business. Entry to halal, asset-backed monetary merchandise stays restricted in lots of Muslim-majority areas, particularly in Asia and Africa.

Again in March of final yr, Fasset received a license to function in Dubai as a Digital Asset Service Supplier (VASP), and the Dubai- and Jakarta-based firm stated its platform is already processing greater than $6 billion in annualized transaction quantity throughout 125 nations.





Source link

ad
Bank digital Fasset Islamic launch license Malaysia StablecoinBased wins
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Ripple Prime: How The Company Just Set A Major Record That Boosts The XRP Ledger

October 27, 2025

Bitcoin Price Could See A New All-Time High Above $126,000 If It Breaks This Critical Level

October 27, 2025

X Layer Mainnet Upgrade Underway, Services Temporarily Suspended

October 27, 2025

Bitcoin Price Might Never Fall Below $100,000 Again

October 27, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Ripple Prime: How The Company Just Set A Major Record That Boosts The XRP Ledger
October 27, 2025
Bitcoin Price Could See A New All-Time High Above $126,000 If It Breaks This Critical Level
October 27, 2025
X Layer Mainnet Upgrade Underway, Services Temporarily Suspended
October 27, 2025
Bitcoin Price Might Never Fall Below $100,000 Again
October 27, 2025
Solana ETF launch prospects rise as Bitwise gets NYSE OK
October 27, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.