Crypto Assets

FasTToken first to acquire Abu Dhabi electronic currency license

FasTToken first to acquire Abu Dhabi electronic currency license


The official cryptocurrency of SoftConstruct, FasTToken (FTN), is set to boost the tokenised economy, allowing partners and end-users to reap the benefits of the ecosystem by settling all business arrangements with any brand under the SoftConstruct umbrella using FTN.

The Abu Dhabi approval enables Ethereum ERC20 standard FasTToken to issue, cancel and register the depository certificates and any rights related. It also includes mediating in securities trading operations by receiving trading orders related to non-regulated derivative contracts (OTC Derivatives) or currencies in the spot market (Forex Spot Market) and executing them and conducting clearing and settlement operations related to their implementation.

The token sale of FTN, together with the whitepaper and token distribution, will be announced during the next month coming month, and Vigen Badalyan, CEO and Founder of FasTToken says: “The FasTToken initiative has always had a colossal potential since the very first day of its origin. The crypto industry right now is the most forward-looking and rapidly developing. Receiving legal approvals from influential organs is a mark of trust, security and excellence. The approval granted from Abu Dhabi is of paramount importance, not only for FasTToken as a business, but for SoftConstruct too, which now carries the title of parent company with even greater pride.”