Fasset FZE is licensed and regulated by the Virtual Assets Regulatory Authority in Dubai and has the VASP Reference number VL/23/07/002. Under its license, Fasset FZE is permitted to undertake Virtual Asset Broker-Dealing activities.
At Fasset FZE, we are committed to maintaining the highest standards of integrity, transparency, and fairness in all operations. We recognize that conflicts of interest can arise while providing our services. As part of our dedication to fostering trust and accountability with our clients and stakeholders, we have implemented a comprehensive Conflicts of Interest Policy.
Please refer to our Conflicts of Interest Policy by clicking here.
At Fasset FZE, we are committed to safeguarding personal data in compliance with applicable laws and regulations. Our Privacy Policy explains how we collect, use, share, and protect our clients' information and our clients' rights regarding their data. This applies to all interactions with our website and services, including data processed by third parties on our behalf.
For more details, please refer to our Privacy Policy by clicking here
Fasset FZE is committed to the highest ethical standards and compliance with all applicable anti-bribery and anti-corruption laws and regulations. We maintain a zero-tolerance approach toward bribery and corruption in any form. The Anti-Bribery and Corruption Policy outlines our dedication to preventing such practices, sets expectations for employee conduct, and mandates reporting any suspected violations to uphold the integrity of our business operations.
For more details, please refer to our Anti-Bribery and Corruption Policy by clicking here.
At Fasset FZE, we are committed to handling all customer complaints related to trading virtual assets on our platform fairly and efficiently. The Complaints Handling Policy outlines our procedures to manage concerns efficiently and transparently. We strive to investigate all issues thoroughly, provide clear communication throughout the process, and implement appropriate solutions to maintain the highest standards of service and client satisfaction.
For more details, please refer to our Complaint Handling Policy by clicking here.
At Fasset FZE, we ensure that all virtual assets listed on our platform adhere to stringent criteria designed to protect clients and uphold the integrity of our trading environment. Our Virtual Assets Listing Standards Policy outlines the evaluation process, focusing on legal compliance, market demand, technology standards, and risk management. We assess factors such as the underlying technology, the team's track record, the asset's market performance, and adherence to relevant regulatory requirements and industry best practices. Further details regarding specific Virtual Assets can be found on the Fasset application.
Please refer to our Virtual Asset Standards/ Listing Policy by clicking here.
Fasset FZE is regulated by the Dubai Virtual Assets Regulatory Authority. As per the regulatory requirements under Rule V.A.3 of VARA’s Market Conduct Rulebook and Rule I.B.2 of VARA’s Broker-Dealer Services Rulebook, Fasset FZE is required to make certain disclosures regarding its leadership.
The responsible individuals of Fasset FZE are as follows:
Please refer to our organizational structure by clicking here.
Furthermore, Fasset FZE confirms that as of December 2024, no members of the company's Board of Directors or Senior Management have been prosecuted or convicted before the courts of the United Arab Emirates or any other jurisdiction. Fasset FZE believes in upholding high standards of integrity, and this commitment is reflected in the pristine record of our leadership.
Fasset FZE aggregates quotes from multiple liquidity providers to ensure competitive pricing for its users. It determines pricing based on current and prevailing prices of the virtual assets and its underlying commodity, additional factors include the supply and demand for the commodity, market volatility and liquidity, available inventory, order quantity and trader discretion. The final price presented to users includes a spread to account for market conditions and to mitigate the risk of trade failures due to insufficient liquidity depth from providers. This approach ensures that users consistently receive reliable and efficient pricing. Additionally, any applicable fees are transparently disclosed to clients at the time of the transaction.
Fasset FZE sources competitive quotes from multiple liquidity providers to ensure the best pricing for its users. After applying a spread, Fasset FZE presents these prices to users for their consideration. Once a user confirms an order, Fasset FZE executes the transaction at the quoted price and simultaneously places the corresponding order with the liquidity provider offering the most favourable rate. Currently, our primary liquidity providers are Binance and GCEX. This process ensures transparency and efficiency while delivering value to our users.
For more details, please refer to our Order Matching Logic and Rules by clicking here.
We do not hold or maintain funds or virtual assets for other Virtual Asset Service Providers VASPs, nor do we provide clearing services. Our services are limited to the facilitation of trading and exchange operations and the use of third-party service providers for asset custody, for our clients.
Fasset FZE ensures the highest level of client asset protection through its strategic partnership with Fireblocks, a leading provider of digital asset security infrastructure. Fireblocks employs advanced Multi-Party Computation (MPC) cryptography and hardware isolation technology to safeguard assets in transit and at rest. This partnership enhances operational resilience, regulatory compliance, and security, meeting global standards and ensuring uninterrupted access to client assets. All assets are stored using institutional-grade custody solutions independently certified for security and reliability. Regular audits and adherence to regulatory frameworks further solidify Fasset’s commitment to safeguarding client assets from loss or theft.
Fasset FZE has not received any monetary or non-monetary benefits from referring or introducing clients to other entities or virtual assets service providers, in the ordinary course of business and has not formally referred or introduced clients to other entities or virtual asset service providers. Should any such arrangement occur, it would be entirely on a best-efforts basis, with no monetary or non-monetary benefit schemes in place.