Page 66 - Skyro PR Report - October 2025

Ajman bank, fasset launch shariah-compliant virtual asset solutions
This strategic partnership marks a major step in the evolution of Islamic
finance, merging the credibility of a regulated Islamic bank with Fasset’s
innovative blockchain infrastructure. Through this collaboration, Ajman Bank

will leverage Fasset’s end-to-end white-label solution to embed digital
asset capabilities directly into its banking ecosystem for both retail and

institutional clients.

Expanding Access to Tokenized Assets and

Digital Finance

The partnership will enable seamless access to tokenized real-world assets
(RWAs) — including S&P Shariah ETFs, gold-backed financing, staking, and
savings products — alongside institutional-grade solutions such as a private

trading desk and stablecoin payment infrastructure.

By combining trusted banking oversight with next-generation blockchain
solutions, the two entities aim to bridge traditional finance and digital
innovation, while maintaining full compliance with Shariah and UAE

regulatory standards.

Beyond integrating Fasset’s technology stack, Ajman Bank will support the

company’s broader financial operations, including operational and
segregated client money accounts to ensure robust customer fund
protection. This will enable Fasset to expand its institutional footprint within

the UAE’s regulated environment.

“We believe that the next phase of financial innovation will be defined by
meaningful integration, not just experimentation,” said Mohammad Raafi
Hossain, CEO and Co-Founder of Fasset. “Through this partnership with

Ajman Bank, we are building infrastructure that doesn’t just support tokenized
finance but embeds it seamlessly into everyday banking, making wealth

creation more accessible and ethical.”

Building a Secure and Compliant Digital

Asset Framework

Under the agreement, Fasset will design and implement the core digital

infrastructure supporting Ajman Bank’s new offerings. This includes wallet
infrastructure, integrated KYC/B solutions, custody frameworks, and

regulatory-grade monitoring tools for enhanced transparency and security.

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