At KL20, Fasset Collaborates with MBSB to Present Blockchain-Based Banking Solutions

Liputan6.com, Jakarta – A digital asset platform provider based in the United Arab Emirates (UAE), Fasset signed an LOI with Malaysia Building Society Berhad (MBSB) at the KL20 Summit, Monday, April 22, 2024.

The cooperation agreement between the two parties marks the digital asset platform's entry into Malaysia, following successful launches in Indonesia and the UAE.

This partnership is believed to open the door to innovative digital asset solutions for hundreds of thousands of MBSB Group customers across Malaysia, as well as enable the MBSB Group to meet the needs of diverse consumer segments through various digital asset classes.

In this partnership, Fasset and MBSB collaborate to provide a multitude of innovative offerings, through an online banking platform with a fully self-managed proportion of digital asset investments. Users can buy, sell or exchange digital assets supported by secure blockchain technology.

Available investment options include tokenized gold, equity, sukuk, and rahnu.

Additionally, customers in Malaysia also have the opportunity to diversify their investment portfolios in an easy way.

Customers can also earn additional profits on their portfolios through staking, which is only available with digital asset investments.

Another benefit, is the ease of diversifying assets which may not be easily achieved in a traditional portfolio.

“At MBSB, we recognize the transformational power of technology in the banking sector. Our exploration with Fasset is a testament to our commitment to innovation and striving to continually adapt quickly. This initiative is a significant step in how blockchain technology can not only enhance our service offerings. We are excited to serve customers better,” said MBSB Chairman, Dato' Wan Kamaruzaman Bin Wan Ahmad in an official statement in Kuala Lumpur, Malaysia, quoted Friday (26/4/2024).

“At Fasset, we are committed to empowering billions of people to build and manage their wealth. With blockchain technology, we do this in a secure, transparent and innovative way. We are honored to have MBSB as our partner in Malaysia and excited to offer investment solutions and digital asset management to their users,” said Fasset CEO, Mohammad Raafi Hossain.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.