- Fasset received authorisation to test its solutions for the tokenisation of hard assets in Kingdom of Bahrain’s FinTech Regulatory Sandbox
- The authorisation also issued by the Central Bank of Bahrain, is the first of its kind in the world
- The company also raised some US$4.7 million in pre-seed investment from strategic backers in the UAE, Saudi Arabia
- Fasset aims to address climate change acceleration by bridging the sustainable infrastructure funding gap estimated by the World Economic Forum
- FEP provides a tokenisation service for sustainable infrastructure assets – ‘fractionalising’ or breaking down large assets into smaller “pieces”
- The CBB granting us this authorisation proof of the progress the Ethereum developer community has made to earn the trust of regulators worldwide
