United Arabe Emirates ( UAE )-headquartered global fintech platform Fasset and UAE Islamic financial institution Ajman Bank have signed a memorandum of understanding to jointly launch integrated and compliant virtual asset offerings across the region.

The partnership, the companies say, signal “a defining moment in the evolution of Islamic finance, bridging the trusted credibility of a regulated Islamic bank with the innovation of next-generation blockchain infrastructure”.

Under the agreement, Ajman Bank will tap into Fasset’s end-to-end white-label solution to deliver fully embedded digital asset capabilities to both retail and institutional clients. These offerings include seamless access to tokenized real-world assets, such as S&P Shariah exchange-traded funds and gold-backed financing, staking and savings products, alongside a private institutional trading desk and stablecoin payment infrastructure.

To enable these services, Fasset will develop and build the underlying core infrastructure required to support these secure and compliant digital asset offerings within Ajman Bank’s banking environment, including full wallet infrastructure, integrated know-your-customer/business solutions with third-party providers, custody solutions and administrative tools for transaction monitoring and regulatory reporting.

Stablecoin payment rails and a dedicated institutional trading infrastructure, the fintech points out, will also be integrated to enhance cross-border efficiency and operational resilience.

The bank, in addition to deploying the fintech’s technology stack, will also play an essential role in supporting the platform’s broader financial operations. This includes the provision of operational accounts and segregated client money accounts for enhanced customer fund safeguards, allowing the fintech to scale its institutional client base within the UAE’s regulatory requirements.

“This partnership is a reflection of our commitment to delivering future-ready financial services that remain true to our values,” notes Mohamed Abdul Rahman Amiri, the bank’s CEO. “By embedding digital asset solutions within a Shariah-compliant framework, we are expanding access to new forms of value creation and enabling customers to participate in the digital economy, without compromising on trust or principles.”

“We believe that the next phase of financial innovation will be defined by meaningful integration, not just experimentation,” adds Mohammad Raafi Hossain, the fintech’s CEO and co-founder. “Through this partnership with Ajman Bank, we are building infrastructure that doesn’t just support tokenized finance but embeds it seamlessly into everyday banking, making wealth creation more accessible and ethical.”