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Fasset and Ajman Bank signed an MoU to launch integrated digital asset services that conform to Shariah principles. The rollout targets both retail and institutional clients in the UAE and abroad, anchoring on tokenized real-world assets, a regulated stablecoin framework, and secure trading access through the bank.
Products and rails
Under the agreement, Ajman Bank adopts Fasset’s infrastructure to offer tokenized RWAs such as Shariah-compliant ETFs and gold-backed financing.
Related: Citi Builds a Regulated Custody Services Track for 2026 as RWA Tokenization Grows
The plan includes staking products that pass Islamic-finance screening, a private institutional trading desk for blocks and program trades, and stablecoin payment solutions to improve cross-border settlement speed and cost.
Compliance, custody, and client protection
Fasset will provide end-to-end white-label components, that is, secure wallet solutions, custody, transaction monitoring, and embedded KYC and AML controls.
Ajman Bank will open separate client money accounts alongside operational accounts to meet UAE regulatory requirements and strengthen fund protection.
Why it matters for UAE banks
The alliance positions a leading Islamic bank to bridge traditional banking and tokenized finance under clear compliance controls.
By integrating blockchain into a Shariah-compliant operating model, the partners aim to expand access to screened RWAs, enable faster payments with stablecoin rails, and give institutions a regulated path to digital asset liquidity.
Related: Banks on XRP Ledger? Aberdeen & Societe Generale Eye Tokenization
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