# Fasset

Fasset is an Asset Manager based in Dubai, United Arab Emirates.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dubai, United Arab Emirates
- **Region:** Middle East
- **Address:** Dubai, United Arab Emirates
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.fasset.io
- **LinkedIn:** https://www.linkedin.com/company/fassethq

## Regulatory record

- **Reports private funds:** No

## About

Fasset is a financial technology company founded in 2019 in Dubai, United Arab Emirates. It offers USD accounts, international payments, and investment market access through a platform. Fasset provides virtual and physical payment cards for secure and compliant financial transactions.

## Sectors

- FinTech
- Infrastructure
- Energy Transition & Renewables
- Digital Health
- AI/ML

## Offices

- Jakarta, Indonesia
- Kuala Lumpur, Malaysia

## People

- Mohammad Raafi Hossain — CEO & Co-Founder
- Daniel Ahmed — COO & Co-Founder

## Questions

### Who runs investment decisions at Fasset?

CEO Mohammad Raafi Hossain and COO Daniel Ahmed lead investment origination and structuring. Hossain's background includes serving as a UAE government innovation advisor and as a technology coordinator for the United Nations, while Ahmed brings operational experience from emerging-market fintech rollouts. The firm has not publicly disclosed a dedicated CIO or investment committee structure.

### How does Fasset source its underlying assets for tokenization?

Fasset originates its own pipeline rather than tokenizing assets owned by third parties. The firm focuses on infrastructure projects in Southeast Asia and the Gulf — primarily renewable energy, healthcare, and metals processing — that fit Islamic finance compliance requirements. In 2023, it announced a $500 million pipeline including a bio-refinery in Indonesia and a UAE-based gold-backed token.

### Is Fasset a cryptocurrency exchange or an asset manager?

Fasset operates across both categories. It holds a digital asset exchange license in Indonesia and a custody license in Malaysia, providing fiat-to-crypto on-ramp services. However, its core business is originating and tokenizing real-world assets for fractional sale — functioning more like a primary issuance and distribution platform than a secondary trading venue.

### Which regulatory licenses does Fasset hold?

Fasset is licensed as a digital asset exchange by Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti) and holds a digital asset custody license from Malaysia's Labuan Financial Services Authority. The firm has also engaged with the Dubai Virtual Assets Regulatory Authority, though no UAE operating license has been publicly confirmed as finalized.

### Does Fasset participate in fund commitments or only direct deals?

Fasset's public-facing model centers on direct origination and tokenization of specific assets for distribution to retail and high-net-worth investors. The firm has not publicly disclosed a fund-of-funds or external manager commitment program. Its partnership with Mastercard and early backing from Ripple suggest a venture investment component, but the core operating model is direct deal origination.

### What is Fasset's known posture on co-investments alongside external GPs?

Fasset has not publicly disclosed a co-investment program alongside third-party GPs. Its model is built around proprietary origination and distribution, with institutional partners like Mastercard and Ripple involved as strategic collaborators rather than co-investors in the fund-of-funds sense. The tokenization platform itself enables fractional participation, which substitutes for traditional LP structures.

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- [Propel Holdings](https://altss.com/profile/propel-holdings)
- [CredAble](https://altss.com/profile/credable)

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Last updated: 2026-06-03T20:00:00.000Z

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