Global crypto investment platform, Fasset, has received approval from Malaysia to launch full-service digital banking services within a regulated Islamic fintech sandbox. The approval makes Fasset the world’s first stablecoin-powered Islamic digital bank. Fasset currently serves over 500,000 users across 125 countries, aiming to close the long-standing gap in access to Shariah-compliant financial products. The platform is now introducing everyday banking services, global investments, and crypto-backed spe ...

Fasset, a Dubai and Jakarta-based digital banking and investment platform, has received a provisional banking license from Malaysia to operate the world’s first stablecoin-powered Islamic digital bank. The regulatory approval enables Fasset to offer Shariah-compliant savings, zero-interest accounts, investment services using stablecoins and tokenized assets, and global payments on-chain, targeting financial inclusion gaps across Muslim-majority regions in Asia and Africa, where access to halal asset-backe ...