Crypto

Cryptocurrency Platform Fasset Intends To Launch Services In Pakistan Soon

Pakistan is fast becoming one of the emerging markets for cryptocurrency. The adoption of the digital assets in the country is on the rise. Keeping in mind this very development, cryptocurrency platform Fasset is planning to launch their services in Pakistan very soon. Presently, Fasset is in progressive discussion with number of concerned and regulatory authorities in Pakistan so that the operations can be launched smoothly. Moreover, the digital-asset gateway would be introducing their services in Indonesia too where an approval is pending. Expectedly, in about a month’s time, Fasset will be operating as a fully-functional cryptocurrency platform in the country.

For the same, Fasset also closed a successful Series A funding round of whopping $22 million. It is pertinent to mention that the funding will be directed toward market expansion and new product development.

Fatima Gobi Ventures and Liberty City Ventures led the Series A funding round. There was participation from MyAsiaVC, VSV and Soma Capital too among various ventures. According to the company’s statement, some renowned institutional investors from Middle East and South Asia also attending the funding round.

Also Read: Why you should consider cryptocurrency insurance

Statement of the executives

While speaking on the occasion, the Co-Founder and CEO of Fasset, Mohammad Raafi Hussain said:

“Fasset is all about bringing multi-faceted digital asset use cases that connect home markets to their diaspora. We’re extremely passionate about financial inclusion and democratizing access to opportunity by enabling a new wave of digital asset owners in our target emerging markets. Asset ownership is the strongest way to power healthy livelihoods and economies”

Liberty City Ventures’ Managing Partner, Emil Woods, voiced his opinion in favor of digital assets by stating:

“We believe that digital assets are increasingly crossing over to the mainstream, and have massive potential to disrupt legacy businesses and markets, especially in the emerging markets. We are eager to partner with the team at Fasset to capture the opportunities presented, and to shape the future of finance”

About Fasset

A platform entitled for cryptocurrency users to trade in currencies such as BTC, ETH, USDT, SOL and many other real-times tokens. A user can buy, sell and store on Fasset with their local currency. The company is operation under license from Malaysia’s Labuan Financial Services Authority. It is anticipated that many more coins will soon be launched on the platform. Their interface is quite user-friendly with Fasset believing in making financial markets available for everyone.

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