UAE's Fasset launches blockchain to promote real world asset ownership
UAE based fintech Fasset has announced the launch of a blockchain to create, manage and real world assets (RWAs).
IOWN – Fasset's Ethereum Layer 2 blockchain – is backed by Labuan Financial Services Authority, the regulator of the Labuan International Business and Financial Centre, in Malaysia.
The government regulator-backed blockchain aims to democratize access to real world assets for people in emerging markets, the company said in a statement.
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