UAE’ Ajman Bank Moves into Shariah-compliant RWA Tokenization using Fasset Infrastructure
Fasset and Ajman Financial institution signed an MoU to launch built-in digital asset companies that conform to Shariah rules. The rollout targets each retail and institutional purchasers within the UAE and overseas, anchoring on tokenized real-world property, a regulated stablecoin framework, and safe buying and selling entry by means of the financial institution.
Merchandise and rails
Beneath the settlement, Ajman Financial institution adopts Fasset’s infrastructure to supply tokenized RWAs comparable to Shariah-compliant ETFs and gold-backed financing.
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The plan contains staking merchandise that cross Islamic-finance screening, a non-public institutional buying and selling desk for blocks and program trades, and stablecoin fee options to enhance cross-border settlement velocity and value.
Compliance, custody, and shopper safety
Fasset will present end-to-end white-label parts, that’s, safe pockets options, custody, transaction monitoring, and embedded KYC and AML controls.
Ajman Financial institution will open separate shopper cash accounts alongside operational accounts to satisfy UAE regulatory necessities and strengthen fund safety.
Why it issues for UAE banks
The alliance positions a number one Islamic financial institution to bridge conventional banking and tokenized finance underneath clear compliance controls.
By integrating blockchain right into a Shariah-compliant working mannequin, the companions intention to increase entry to screened RWAs, allow sooner funds with stablecoin rails, and provides establishments a regulated path to digital asset liquidity.
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