UAE regulated Fasset to list ADI Foundation token on its platform
UAE regulated Fasset, a banking and investment platform as well as digital asset exchange will be listing UAE based ADI Foundation, Abu Dhabi non profit foundation, developers of Layer 2 blockchain, token allowing users to purchase the $ADI utility token directly in UAE Dirhams (AED) on the Fasset platform .
As per the press release, the initiative builds on months of collaboration between the teams and will be rolled out in phases, subject to technical readiness and regulatory approvals.
The ADI Token is the utility token for ADI Chain’s recently launched mainnet. ADI Chain is designed to support regulated digital asset use cases, including the hosting and settlement of the Dirham-backed stablecoin set to be issued by First Abu Dhabi Bank (FAB) and IHC. Through the partnership, Fasset will also provide the regulated onboarding, KYC, and on- and off-ramp infrastructure required to enable compliant access to blockchain-based financial services built on ADI Chain.
Introducing the infrastructure for future Dirham-backed digital currency marks a significant step toward institutional adoption of blockchain payments in the UAE and the wider region. It is expected to be rolled out across multiple use cases through the broader IHC ecosystem, giving it immediate real economy relevance.
“This partnership reflects the shift from testing to real-world deployment of digital asset infrastructure,” said Daniel Ahmed, COO and Co-Founder of Fasset. “We’re proud to support this next phase of growth by helping institutions adopt blockchain solutions in a way that’s secure, compliant and easy-to-use.”
“Our partnership with Fasset supports the UAE’s move toward scalable, regulated digital asset infrastructure,” said Ajay Bhatia, Principal Council Member of ADI Foundation. “Secure access, compliance, and fiat connectivity are key to unlocking institutional participation.”
The agreement with Fasset will support ADI’s vision for blockchain adoption at scale while meeting regulatory standards. As part of the agreement, users can purchase the $ADI utility token directly in UAE Dirhams (AED) on the Fasset platform . The initiative builds on months of collaboration between the teams and will be rolled out in phases, subject to technical readiness and regulatory approvals.
Founded by Mohammad Raafi Hossain and Daniel Ahmed, and with offices in Dubai and Jakarta, Fasset has raised $26.7 million in funding and holds regulatory approvals in several countries, including the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and others.
