Overview

• Fasset says the license clears a path to launch what it calls the world’s first stablecoin-powered Islamic digital bank.
• Planned offerings include Shariah-compliant savings, zero-interest accounts, and investment products built on stablecoins and tokenized assets.
• A Visa-linked crypto card is slated to let customers hold deposits and spend while accessing U.S. stocks, gold, and crypto.
• The company plans to roll out Own, an Arbitrum-based Ethereum Layer 2, to enable on-chain settlement of regulated real-world assets.
• Fasset cites prior regulatory traction, including a Dubai VASP license, and reports more than $6 billion in annualized volume across 125 countries.