Bahrain issues blockchain permit to UK’s Fasset

Bahrain issues blockchain permit to UK’s Fasset

The Central Bank of Bahrain (CBB) has given UK blockchain startup Fasset, a first-of-its-kind authorisation to test its digital solutions inside the Kingdom's regulatory sandbox.

Founded in 2019, the financial technology (fintech) startup is a blockchain-powered marketplace for the ethical financing of sustainable infrastructure. It looks to bridge the sustainable infrastructure funding gap which the World Economic Forum estimates will reach $15 trillion by 2040.

The company offers a tokenisation service for sustainable infrastructure assets and provides an exchange platform where these tokens can be traded.

"As disruptive technologies transform industries around the world, investment in innovation is a key enabler and driver of economic growth. Bahrain's forward-thinking regulatory approach provides an attractive environment for fintech companies to reap the benefits of our agile economy, availability of the most skilled and diverse workforces