Bahrain grants UK FinTech Fasset first-of-its-kind authorisation to test blockchain-based solution for addressing US$ 15 trillion sustainable infrastructure funding gap
Manama, Kingdom of Bahrain — 29 September 2020 — UK-headquartered FinTech Fasset, a provider of blockchain-powered platforms for the financing of sustainable infrastructure, has received authorisation to test its solutions for the tokenisation of hard assets in Kingdom of Bahrain’s FinTech Regulatory Sandbox. The authorisation, issued by the Central Bank of Bahrain, is the first of its kind in the world. The company has raised some US$4.7 million in pre-seed investment from strategic backers in the UAE, Saudi Arabia, Bahrain, Kuwait, and Singapore.
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