Labuan approval opens door to Southeast Asia for digital asset platform Fasset
Fasset, a platform that provides tokenisation and financing for sustainable infrastructure assets, has been given a licence to operate by Malaysia's Labuan Financial Services Authority.
The fintech said in a statement on Monday (June 7) the Labuan license will allow it to expand its services to more than 180 different jurisdictions and accelerate the company’s venture into Southeast Asia.
The licence allows the company to operate a crypto exchange and serve the markets it is currently focusing on in Southeast Asia, such as Indonesia, said the company.
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