Digital asset platform Fasset has introduced the ORO token, enabling UAE investors to purchase fractional gold ownership for as little as $1. Each ORO token represents one ounce of 99.99% fine gold, securely stored with top-tier custodians and fully insured.
This innovation significantly lowers the barrier to gold ownership, allowing users to buy and redeem tokens in small increments. Tokens can be exchanged for physical gold starting at $85 or traded for USDC with a 1-day lock-in period. The company also plans staking options, offering an additional 3–4% annual percentage yield.
Daniel Ahmed, COO and co-founder of Fasset, emphasized the accessibility and convenience of digital gold compared to traditional gold investments. “With digital gold, people can buy in smaller increments and redeem their tokens for fiat or USDC anytime, anywhere,” he said.
Fasset aims to tokenize $1 billion worth of gold within the first year, offering early access to investors in Q1 2025. The company assures full 1:1 physical gold backing, verified by monthly audits.
With regulatory approvals across several countries, including the UAE, Fasset’s initiative marks a significant step in democratizing gold investment.
