Web3 ecosystem and cryptocurrency exchange targets growth in UAE’s digital asset market.
PC: sharikatmubasher.com
Fastex is one of the fast-emerging cryptocurrency exchanges and Web3 solution providers that have made official announcements regarding its expansion to the MENA region. This was announced recently in a recent press release stating the formal opening of the office of the company at Dubai World Trade Centre, thereby becoming a strategic step forward to its regional and global ambitions.
Fastex additionally launched its ftNFT phygital space for strengthening its presence in the UAE, thereby supporting its emergence as a global hub of digital assets. This goes to show how the service is committed to closing the traditional and digital divide and in empowering users through secure seamless blockchain-based services.
The Dubai office is a key milestone in Fastex’s all-inclusive ecosystem, which will include innovative offerings such as Fastex Exchange, Fastex Wallet, and Fastex Card. The ecosystem also features ftNFT, the platform for integrating physical and digital experiences, or so-called phygital, as part of the company’s vision to advance the Web3 market in the region.
Fastex CEO Vakhtang Abrahamyan said the company focuses on using the UAE as a strategic base for further expansion in the MENA region and beyond. “As Fastex scales its ecosystem, we remain focused on global growth, leveraging the UAE as a foundation for entry into additional markets in the MENA region and broader international landscape,” he said.
This strategy includes strengthening regulatory partnerships, developing innovative solutions within its ecosystem, and fostering collaborations with industry leaders in key markets. Abrahamyan mentioned that these steps are very important for establishing Fastex as a prominent player in the evolving blockchain and digital finance landscape.
Fastex’s decision falls in line with the UAE’s vision to become one of the world’s digital economy leaders by creating a facilitative environment for blockchain and cryptocurrency innovation. The company seeks to leverage this pace to provide secure and accessible financial solutions to users and further integrate Web3 technologies into everyday financial operations.
Fastex strives to redefine the way in which users interact with blockchain by its advanced digital finance solutions combined with its commitment to innovation. The opening of a new office in Dubai as well as the launch of the ftNFT space present significant steps in such an endeavor, paving a basis for future growth around this region and on a more general scale.
