IT’S TIME TO FRACTIONALIZE SUSTAINABLE INFRASTRUCTURE ASSETS!Fasset, a new fin-tech infrastructure company,is providing an operating system for financing the sustainable infrastructure which is built on the Ethereum blockchain.
The company is trying to bring together the physical, digital and financial worlds to create and offer a new asset to all the investors – Hard Asset Token.
Fasset is trying to solve the problem of $15 trillion infrastructure spending gap by tockenizing real assets.
According to Mohammad Raafi Hossain, Fasset’s founder and former technology advisor to UAE Prime Minister’s Office, tockenization can add value to newer energy generation as well as storage assets.
PURPOSE OF TOCKENIZED ASSETS
Fasset is solving the dual purpose by creating Hard Asset Tockens :
First is providing sustainable infrastructure assets that meet the ESG requirements of family offices.
Second is solving the problem of risk migration.
The ideal target for fractionalization is the browmfields asset for which the agreement is already in place.
Also, speedier transaction process will make it attractive for foreign institutions to invest in capitalized market.
Fasset hopes to bring a change, this change to emerge market infrastructural investment could help in bringing transformation in the coming five years.
And in these years Fasset would try to offer currency mode for the finance of infrastructure projects.
WHY ETHEREUM BLOCKCHAIN ONLY?
Ethereum is a global, open source platform for all the decentralized applications. On Ethereum you can write codes that have control over the digital values, runs exactly as you programmed as well as can be accessed anywhere in the world.
According to Raafi Hossain, Ethereum blockchains has a system of smart contracts due to which it is best suited for all the regulatory as well as legal issues related to investment in infrastructure.The ERC 1400 protocol of Ethereum is providing Fasset the ownership certificates of equity along with the actual tokens, which will enable the financial regulators to monitor the funds and ownership flows and to reverse any forbidden transactions.