Fasset obtains temporary license in Malaysia to launch Sharia-compliant digital bank
Oct 7, 2025 16:37:54
according to TheDigitalBanker, Dubai's financial super app Fasset has announced that it has obtained a temporary regulatory license in Malaysia and plans to launch a stablecoin-driven digital bank that complies with Islamic law.
It is reported that Fasset also plans to issue a crypto debit card for everyday spending and will launch "Own," an Ethereum Layer 2 platform built on Arbitrum, for settling real-world assets.