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.