Fastex, a leading Web3 player in blockchain and digital finance sector, announced the launch of its ftNFT phygital space and its first office in Dubai as part of its move to expand presence in the MENA region.
The company said the launch of ftNFT phygital space is also aimed at supporting the UAE’s growing position as a global hub for digital assets.
“This will also enhance our presence in the local Web3 market,” it said.
Fastex’s ftNFT platform bridges the gap between digital and traditional finance, empowering users with secure, seamless access to a wide range of blockchain-based services.
Vakhtang Abrahamyan, CEO of Fastex, the company remains focused on global growth, leveraging the UAE as a foundation for entry into additional markets in the MENA region and broader international landscape.
“This growth strategy includes reinforcing regulatory alliances, advancing innovative solutions within our ecosystem, and expanding partnerships with industry leaders across key markets,” he said.
In line with its commitment to regulatory standards, Fastex has also announced achieving significant regulatory milestones, including recent pre-approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for broker-dealer and exchange operations.
The company also holds multiple European licences, further validating its dedication to regulatory compliance and consumer protection and reflecting its proactive approach to securing licences that provide consumer confidence, security, and clarity in digital asset transactions.
Fastex’s all-encompassing ecosystem comprises advanced digital finance solutions such as Fastex Exchange, Fastex Wallet, and Fastex Card.
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