Dubai, UAE – 5th November 2025 – Fasset, a leading global banking and investment platform, has announced the strategic acquisition of DAO PropTech, Pakistanʼs leading real estate tokenization and investment platform, to accelerate its expansion into real-world asset (RWA) tokenization.
Fasset will acquire DAO Proptechʼs core technology stack, intellectual property, user base and key team members to scale tokenized RWA adoption globally. The deal is anchored in DAO PropTechʼs proven market traction and localized expertise for Shariah compliant investments, enhancing asset transparency, capital efficiency and liquidity at scale. The move unlocks a fully operational RWA engine capable of tokenizing real estate and other tangible assets across multiple blockchains.
DAO PropTech has tokenized over USD 150 million worth of real estate, comprising approximately 2,000 physical units across Pakistan, building the nationʼs largest digital property investment community of over 80,000 users. Established in 2020, DAO PropTech is known for its successful low-ticket investment model with entry minimums as low as USD 25. Its proprietary technology, comprising the BLOC 2.0 multi-blockchain tokenization engine, AI-powered investor CRM and marketplace, will now form the backbone of Fassetʼs RWA offer in the core real estate segment and beyond. DAO Proptech has established numerous local strategic partnerships with renowned entities including Arif Habib Group, 101 Group and operators such as Daftarkhwan, Qubed Hospitality and ROOMY.
Daniel Ahmed, COO and Co-Founder of Fasset, said: “This integration is a major move forward in our mission to bring real-world assets on-chain. DAO PropTech has built the most scalable RWA infrastructure weʼve seen around the world. Fueled by this acquisition, weʼre set to introduce Shariah-compliant, asset-backed financial products to a global audience.ˮ
Jawad Nayyar from DAO PropTech, said: “We started DAO Proptech with a simple question: What if real estate wealth wasn’t just for the few, but a force for everyone’s progress? In Pakistan, we saw that vision come to life; housewives, daily wagers, and everyday people building asset portfolios through transparent, tokenized ownership. These aren’t just investments; they’re stories of unlocked potential. Joining Fasset allows us to take these proven, yield-bearing RWA tokens – a powerful new store of wealth – and scale this access globally. We’re moving beyond theory to build the rails for a truly inclusive financial future.ˮ
Fasset plans to leverage the acquisition to scale its RWA business globally – an industry that experts suggest could reach USD 30 trillion by 2034. Powered by this acquisition, Fasset has launched Own Labs – a bespoke tokenization-as-a-service solution that gives white glove consulting services for asset owners, helping them convert real-world assets into digital tokens. Own Labs, which was launched during GITEX Future Blockchain Summit in Dubai, simplifies the complex legal, financial, technological and distribution journeys for asset owners.
About Fasset
Fasset is a global banking and investment platform focused on enhancing financial inclusion across Asia and Africa, enabling individuals and businesses to securely invest from anywhere in the world. In 2024, Fasset introduced Own, its Ethereum Layer 2, designed to expand access to decentralized finance globally. Founded by Mohammad Raafi Hossain and Daniel Ahmed, and with offices in Dubai and Jakarta, Fasset has raised $26.7 million in funding and holds regulatory approvals in several countries, including the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and others.
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About DAO PropTech
DAO Proptech is Pakistan’s pioneering Real World Asset (RWA) tokenization platform, founded in 2020 with a mission to democratize real estate investment. The company tackles the complexities and opacity of Pakistan’s property market by leveraging its proprietary blockchain technology.
This creates a transparent, secure, and inclusive ecosystem connecting investors directly with verified, institutionally qualified projects & exclusive high growth off-plan deals. DAO Proptech has successfully navigated uncharted territory, tokenizing over $150M in assets and proving a model that makes property ownership achievable, one square foot at a time, starting as low as $25.