CandleFocus UAE: Fasset launches the government-backed Ethereum L2 blockchain IOWN
2024-09-11
Author: Content Editor
UAE-based fintech platform Fasset has launched IOWN, the first Ethereum layer-2 blockchain approved by the government of Malaysia. The project, focused on Real World Assets (RWA), aims to create a trust ecosystem for a wide range of RWAs, from commodities to stocks and bonds. The platform seeks to enable the growth of a decentralized and regulated environment for developers and end users in the asset ownership space. Fasset plans to create 30 million asset owners through IOWN by 2030. The launch of IOWN aligns with Malaysia's goal of transforming Labuan IBFC into a digital financial hub.
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