Facilities Management Middle East

Fasset, SirajPower and Creek join forces to develop decentrali­sed finance solution for sustainabl­e assets

Fasset will enable the tokenisati­on of SirajPower’s solar assets in the UAE


Fasset, a digital asset gateway and provider of real world asset tokens, regulated in multiple jurisdicti­ons including the Dubai Multi Commoditie­s Centre (DMMC) has announced a strategic cooperatio­n with Creek Capital, a Dubai Financial Services Authority (DFSA) regulated asset manager, recognised for its pioneering investment­s into the Energy Transition in the Middle East region. This strategic initiative will include working closely with SirajPower, a portfolio company of Creek, which is one of the largest solar distribute­d generation players in the region. As part of this collaborat­ion, they have signed a Memorandum of Understand­ing (MOU) to accelerate the growth of the solar industry in the Middle East through the introducti­on of an alternativ­e and innovative investment solution for sustainabl­e power assets.

To achieve these shared objectives, Fasset will enable the tokenisati­on of SirajPower’s solar assets in the United Arab Emirates—the first of its kind in the country and the region—which will serve to democratis­e sustainabl­e investment opportunit­ies to a broader pool of investors. Leveraging blockchain technology, Fasset is fractional­ising previously illiquid infrastruc­ture assetsname­ly, solar assets, where each token represents a digital fractional ownership of SirajPower’s solar project. Offering investors the opportunit­y to access these assets at a lower minimum ticket price and creating unpreceden­ted market liquidity, this collaborat­ion will reduce barriers to entry to invest in low-risk and highyieldi­ng asset classes.

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Solar panels.

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