Well, butter my biscuit and call me impressed! š„Æ Global crypto investment platform, Fasset, just got the green light from Malaysia to launch a full-service digital bank thatās as halal as your auntās biryani. š Yep, you heard that right-the worldās first stablecoin-powered Islamic digital bank. Because who doesnāt want their financial products to be Shariah-compliant *and* blockchain-y?
Fasset, already serving over 500,000 users across 125 countries (thatās more than the number of times Iāve rewatched *Mean Girls* š ), is now diving headfirst into everyday banking, global investments, and crypto-backed spending. Oh, and theyāre throwing in a crypto debit card that works at Visa-supported stores and plays nice with Apple Pay and Google Pay. Finally, a way to spend your Bitcoin on avocado toast without feeling like a fraud. š„
But wait, thereās more! Fassetās also rolling out Own, an Ethereum Layer 2 network built on Arbitrum, because apparently settling real-world assets is the new black. š¤
Fassetās Growing Presence in Islamic Finance (or How to Make $5 Trillion Look Good)
The global Islamic finance industry hit $5 trillion in assets in 2025, which is roughly the amount Iād need to afford a studio apartment in NYC. šļø But hereās the kicker: Shariah-compliant financial products are still harder to find than a good rom-com on Netflix. Enter Fasset, swooping in like a financial superhero to mix blockchain with Islamic finance principles. Because why not? šŖ
With $6 billion in annualized trading volume (projected to hit $24 billion by 2026), Fassetās not just playing around. Theyāre now offering zero-interest banking products alongside crypto investments. Zero interest? Thatās like a diet soda for your bank account. š„¤
Crypto Adoption: Asiaās the New Cool Kid on the Block
Fassetās got regulatory approvals from the UAE, Indonesia, Turkey, Pakistan, and the EU-basically, theyāre more popular than a TikTok dance challenge. š This comes as Asia, home to over half the worldās crypto users, is going full-on crypto crazy. A 2024 report says 23-24% of folks in the Asia-Pacific region hold or use digital assets. Thatās almost three times the global average! Even China and Japan, the strict teachers of the crypto classroom, are contributing to the growth. š
So, if youāre not on the crypto train yet, what are you waiting for? Fassetās here to make your financial life halal, hassle-free, and maybe even a little hilarious. š
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2025-10-07 18:44