Fasset launches digital asset ‘super app’

Rick Steves

Fasset is looking beyond cryptos as it plans to offer other novel asset classes such as tokenized real estate, sukuk, and global stocks.

Jakarta Indonesia

Fasset has announced the launch of a ‘super app’ focused on the emerging markets, with a particularly successful penetration in Indonesia, Pakistan, and Türkiye.

The digital asset company is now onboarding customers from across the globe as it celebrates its latest regulatory milestone: Fasset registered with Bappebti, the Commodity Futures Trading Regulatory Agency of Indonesia.

Fasset’s main target is users from regions such as the GCC to Southeast Asia, one of the most lucrative and active remittance corridors in the world.

Fasset to expand to tokenized real estate, sukuk, and global stocks

The platform provides an interface through which to buy, sell, swap, and earn across digital assets — including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), USD Tether (USDT), PAX Gold (PAXG) and Tether Gold (XAUT), and will soon offer other novel asset classes such as tokenized real estate, sukuk, and global stocks.

Fasset’s super-app also gives customers access to thematic bundles consisting of a variety of digital assets to further make it easier to invest and build long term wealth. Aside from assets, Fasset’s super-app will soon enable services such as remittance, lending, and borrowing.

Backed by Liberty City Ventures, Fasset has been building the infrastructure to support the super-app for over four years. Its Indonesia market launch will be driven by a local team of over 20 people out of Fasset’s new headquarters in Jakarta, which will serve as a regional hub for wider expansion in addition to the dual headquarters in Dubai.

“Digital assets on blockchain rails can democratize finance”

Mohammad Raafi Hossain, CEO of Fasset, said: “Fasset’s goal is to bring the opportunity of financial freedom to the fingertips of users across emerging markets. We’re laser-focused on unlocking the potential of real-world assets and translation them into economic opportunities for all. We want every user to be able to build a portfolio that eventually enables them to earn enough yield to allow them do what they love with their life. In most emerging markets, being able to build a diversified portfolio, leverage against assets and earn sustainable yields are either scarce or non-existent. Digital assets on blockchain rails can democratize finance and level the playing field, giving billions of people the opportunity to invest in the upside of global asset classes across the world.

“The digital assets ecosystem was built on the ethos of financial freedom and fairness — especially for emerging economies — but has fallen short of this grand promise. Fasset’s super-app not only makes both digital assets and on-chain real-world assets more accessible to the world’s most mobile-savvy populations, but also broadens its users’ horizons through the availability of asset classes they might not have previously known existed. In the process of building this super-app, our team of digital asset experts conducted extensive analyses of what our users needed, supporting only the asset classes that stand to help individuals build long-term wealth.”

Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison, said: “We see massive growth in crypto asset investors in Indonesia. By exploring the collaboration with Fasset to enable crypto services in the myIM3 and bima+ applications, we hope it can help the crypto industry and investment growth in the country. This collaboration manifests IOH commitment to delivering world-class digital experiences, connecting, and empowering every Indonesian.”

Read this next


US arrests Yune Wang for role in 911 S5 botnet scam

A global malware network, linked to the theft of $5.9 billion in Covid relief funds and crypto crimes, has been dismantled, the Department of Justice (DOJ) announced today. The network was also involved in child exploitation, bomb threats, and various cyberattacks.

Digital Assets

US Treasury official clarifies stance on crypto mixing services

The Financial Crimes Enforcement Network (FinCEN) proposed a rule last year to classify convertible crypto mixing as a “class of transactions” with primary money laundering concerns.


Robinhood sweetens US crypto offering with trading API

Robinhood has launched a cryptocurrency trading application programming interface (API) for users in the United States. The new API caters to seasoned crypto traders by enabling automated trading strategies, allowing users to react quickly to market movements and trends.


After Retik Finance’s 67% Drop, Investors Turn to BlockDAG’s 30,000x ROI Potential to Recover Their Losses

Explore how BlockDAG’s $37M presale is drawing investors while Retik Finance collapses to $0.403.

Digital Assets

Terraform Labs and co-founder Do Kwon reach settlement with SEC

Terraform Labs and its co-founder Do Kwon have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Thursday.

Market News, Tech and Fundamental, Technical Analysis

FTSE 100 Index Technical Analysis Report 30 May, 2024

FTSE 100 Index can be expected to rise further toward the next resistance level 8325.00, which reversed the price earlier this month.


Sui and Atoma Bring the Power of AI to dApp Builders

The integration of Atoma adds new capabilities to Sui’s flourishing developer ecosystem with unique AI-querying capabilities.

Digital Assets

Talos incorporates DeFi with Skolem acquisition

Talos has acquired Skolem to enable clients to incorporate DeFi into their workflows in a move that sets a new standard for the digital asset OEMS and PMS.