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Malaysia Pioneers with Approval for Sharia-Guided Digital Banking

Fasset is at the forefront of financial innovation with its recent achievement of securing initial clearance to establish Malaysia’s premier stablecoin-backed, Sharia-compliable digital bank. Approved on October 7, 2025, this venture marks a significant step for the nation’s banking landscape, embracing blockchain technology to facilitate asset-backed deposits, payments, checking accounts, and financing services.