Digital asset investment platform Fasset has received a license to operate as a virtual asset service provider (VASP) in Dubai, which will enable it to provide services to institutional, accredited and retail investors.
According to relevant regulations, obtaining a complete license in Dubai involves three stages: provisional license, preliminary license and operating license. Fasset FZE has completed its third phase and will be able to offer brokerage services, as well as tokenized bonds and stocks in close collaboration with Dubai’s Virtual Asset Regulatory Authority (VARA). (CoinDesk)