Fasset

Fasset is a stablecoin-powered Islamic digital bank and regulated crypto platform founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed. The platform brings together multi-currency accounts, fast global transfers, instant settlements, a global debit card, and access to interest-free investments across crypto, stocks, funds, and commodities — all powered by the Own Network (Ethereum Layer 2). Licensed as a Virtual Asset Service Provider (VASP) by Dubai's VARA and holding a provisional Islamic banking license in Malaysia, Fasset serves over 2 million community members across 125 countries with operations in Dubai, Islamabad, Jakarta, and Bahrain. In 2025, annualized transaction volume reached billion. The platform integrates compliance infrastructure from Chainalysis, Jumio, and Sift, and partners with Fireblocks for custody, targeting financial inclusion across Asia and Africa.