Startup Betting on Crypto Appeal in Islamic World Raises Funds
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Fasset, a digital-asset gateway, is planning a major expansion in some areas of the Islamic world, as it seeks to boost the adoption of cryptocurrencies in places where it is still viewed with suspicion.
The company closed a $22 million Series A funding round led by Liberty City Ventures and Fatima Gobi Ventures, it said in a statement, adding that regional family offices from the Middle East and South Asia also participated. The money will go toward product development and market expansion, the company said.