Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank

Fasset, a prominent financial technology company, has successfully secured a license in Malaysia that will enable it to launch the country's very first digital bank based on stablecoin technology, specifically designed to comply with Islamic financial principles. This groundbreaking development marks a significant milestone for the company and represents a pivotal moment in the integration of digital banking and Islamic finance in the Malaysian market. The stablecoin-based model aims to provide Sharia-compliant financial services that cater to the needs of the Muslim community, promoting financial inclusion and innovation in the region's banking landscape. source: https://www.coindesk.com/business/2025/10/07/fasset-wins-malaysia-license-to-launch-first-stablecoin-based-islamic-digital-bank