UAE based Hoxton Wealth adds multiple crypto account feature

UAE based Hoxton Wealth adds multiple crypto account feature

UAE based financial advisory firm Hoxton Wealth has introduced new features to its Hoxton Wealth App, including multiple crypto accounts where users can organize their crypto holdings into separate accounts, enhancing visibility and streamlined management.

Additionally the new features will expand account linking supporting linking additional asset types, including crypto accounts, personal loans, vehicle loans, and mortgages, with automated updates for seamless financial tracking.

Users can also auto deduct for loans, set at set automatic monthly deductions, making it easier to track outstanding balances and manage repayments.

Currently, the Hoxton Wealth App tracks over £115 million in assets and liabilities through its open banking integrations.

The Hoxton Wealth App provides easy access to a consolidated view of users’ entire net worth on mobile or desktop—regardless of whether they are Hoxton clients.

Leveraging open banking technology, the app aggregates financial data from over 20,000 global sources, including bank accounts, brokerage accounts, crypto exchanges, pensions, and cash accounts.

Users can also track static assets like real estate and monitor investments in stocks, shares, and cryptocurrencies. Financial liabilities, including credit cards and mortgages, are seamlessly integrated for a holistic wealth overview. The platform is available on both web and mobile.

Fasset crypto exchange launches its app in UAE

Fasset crypto exchange launches its app in UAE

UAE regulated crypto digital asset exchange Fasset has launched its official application in the UAE. Fasset received a VARA (Dubai’s virtual asset regulatory authority) license in November 2023.

The app’s launch in the UAE is a strategic step for Fasset, following a successful launch in Indonesia last year, where it attracted over one million users within the first week. Fasset allows users to carry out spot trading and investment services in cryptocurrencies, stablecoins and tokenized real-world assets.

On the educational front the application includes Fasset Play, designed to offer a risk-free learning environment for users to hone their investment skills. This initiative aligns with Fasset’s mission to democratize access to financial services, enabling a wider audience to explore and manage their wealth.

Fasset CEO Mohammad Raafi Hossain commented, “UAE is experiencing a surge in digital asset investment as the government promotes innovation and entrepreneurship in the country. We are happy to extend our secure and transparent platform to customers in the UAE. Our goal is to empower people to have universal access to financial services, so they have more opportunities to build and manage their wealth.”

Fasset’s strategic partnerships have been instrumental in its rapid growth. In Indonesia, the company partnered with Indosat Ooredoo Hutchison to launch the world’s first embedded digital asset exchange in a telco app, reaching over 100 million users. Additionally, Fasset collaborated with Mastercard to introduce a crypto card for users in the region.

Fasset has raised a total of $26.7 million in funding. This includes a significant $22 million raised in a Series A funding round in April 2022, led by Liberty City Ventures from New York and Fatima Gobi Ventures from Pakistan, with additional participation from Soma Capital and MyAsiaVC. Before this, Fasset raised $4.7 million across two rounds, including seed funding from Dubai’s Ceras Ventures in May 2021.