In a bold declaration that resonates across the cryptocurrency world, Fasset CEO Mohammad Raafi Hossain has reiterated his company’s commitment to democratizing wealth creation. Speaking to Decrypt, Hossain detailed Fasset’s mission to foster financial inclusion through innovative technologies and the strategic launch of Own—an Ethereum Layer 2 protocol designed to facilitate the tokenization of real-world assets (RWAs). It’s a move that could turn the tide for emerging markets, offering a fresh gateway to prosperity.
The Promise of Tokenized Assets
Tokenization is no longer just a buzzword. It’s a burgeoning reality, and Fasset is at the forefront of this transformation. By converting physical assets into digital tokens, Fasset aims to break down economic barriers and provide unprecedented access to investments previously reserved for the affluent. This initiative particularly targets emerging markets, where financial systems often exclude large swathes of the population. “Tokenized assets are not just a technological innovation,” Hossain emphasized. “They represent a universal right to build wealth, unlocking opportunities for those who have been historically sidelined.”
The launch of Own marks a significant milestone in this journey. As an Ethereum Layer 2 protocol, Own is engineered to enhance scalability while reducing costs, making it an ideal platform for managing and distributing tokenized assets. By leveraging Ethereum’s robust infrastructure, Own aims to offer a seamless user experience, enabling individuals and institutions to engage with RWAs without the typical blockchain bottlenecks. This follows a pattern of large-scale tokenization efforts, such as the world’s largest $3B RWA tokenization deal inked by MultiBank, MAG, and Mavryk.
Financial Inclusion: More Than Just a Buzzword
The concept of financial inclusion isn’t new, but the way Fasset approaches it is refreshingly innovative. In many emerging economies, traditional financial services are either inaccessible or insufficient. Digital assets, according to Hossain, can bridge this gap, providing a decentralized platform where people can invest and thrive. “It’s about leveling the playing field,” Hossain noted, “giving everyone a fair chance to participate in the global economy.”
Yet, the path to widespread adoption is fraught with challenges. Regulatory hurdles, technological literacy, and market volatility are just a few of the obstacles that need to be navigated. However, Hossain remains optimistic. “It’s a complex ecosystem,” he admitted, “but one that holds immense potential. We’re not just building a platform; we’re building a future where financial empowerment is within everyone’s reach.”
The Bigger Picture: Why It Matters Now
As we navigate the complexities of 2025, the role of blockchain in shaping economic landscapes is more pertinent than ever. The growing interest in digital assets reflects a broader shift towards decentralization and democratization of finance. According to industry analysts, the tokenization of assets could expand the global market, creating a more inclusive economic environment. “It’s a paradigm shift,” said crypto analyst Laura Chen. “Firms like Fasset are not just participating in this change; they’re driving it.” This is evident in the broader context of DeFi innovations, such as the Tokenized Apollo Credit Fund making its debut with a levered-yield strategy.
However, skepticism persists. Critics argue that while the promise of tokenized assets is appealing, the reality may not meet expectations. Issues such as security, market manipulation, and regulatory compliance continue to loom large. “The technology is promising, but execution is key,” Chen added. “As with any innovation, the devil is in the details.”
For Fasset and its visionary leader, the journey is just beginning. The launch of Own is a testament to their commitment to unlocking new avenues for wealth creation. It raises an intriguing question: can this model of financial inclusion withstand the test of time and scrutiny in a rapidly evolving digital landscape?
Looking Ahead: The Road Less Traveled
The future of tokenized assets and financial inclusion is still unwritten. Fasset’s approach, though ambitious, is a step toward redefining the boundaries of economic participation. As the world continues to grapple with inequality and access issues, projects like Own offer a glimmer of hope. Yet, significant work remains to be done.
The coming months will be critical as Fasset seeks to scale its operations and prove the viability of its model. Stakeholders across the board will be watching closely, assessing whether this experiment in financial democratization can deliver on its promises. While the outcome is uncertain, the potential impact is undeniable.
In the end, Fasset’s venture is more than just a business endeavor; it’s a crusade to reshape the financial world—one tokenized asset at a time. As Hossain himself put it, “We’re not just creating technology; we’re crafting a new narrative for financial inclusion.” And that’s where it truly gets interesting.
Source
This article is based on: Fasset CEO: “Everyone has the Universal Right to Build Wealth”
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
