Fasset has obtained a provisional banking license from Malaysia to launch the world's first Islamic digital bank powered by stablecoins. This license enables Fasset to offer Sharia-compliant services, including savings, financing, and investments using stablecoins and tokenized assets. The company also plans to introduce a Visa-linked crypto card and an Ethereum Layer 2 network named 'Own.' CEO Mohammad Raafi Hossain highlighted the initiative's goal to merge banking credibility with fintech innovation, enhancing access to Sharia-compliant asset-backed products in the $5 trillion Islamic finance sector. Fasset, which operates as a virtual asset service provider in Dubai, currently manages over $600 million in annualized transactions across 125 countries.