Fasset, a digital asset investment platform, has won a license to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional, qualified, and retail investors, Dubai's public register shows. Receiving a full license involves three stages: a provisional permit, a preparatory license, and an operating license. Fasset FZE has completed the third stage and will now also be in a position to provide broker-dealer services and provide tokenized bonds and stocks in close collaboration with Dubai's Virtual Asset Regulatory Authority (VARA). In 2020, Fasset announced it would offer zero-fee trades to users in six countries in the Gulf Region.
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