UAE: Invest in ‘Digital Gold’ from $1 with Fractional Ownership

Fasset Launches $1 Digital Gold Investment with ORO Tokens in UAE

Digital asset platform Fasset has launched the ORO token, which allows UAE investors to invest in small and highly affordable digital gold.

UAE residents can invest from as little as $1 and earn higher returns than the normal market, the company said.

ORO is the first application built on its Ethereum Layer 2 network, Own, in partnership with The Own Foundation.

“The minimum investment to purchase ORO tokens is as low as $1, significantly lowering the barrier to entry for gold ownership. This allows users to own gold by purchasing just a small fraction of the gold at a low price. Each ORO token represents one ounce of 99.99 percent fine gold, securely stored with blue-chip custodians and fully insured,” Daniel Ahmed, chief operating officer and co-founder of Faucet and Own.
The tokens can be redeemed for gold in increments starting at $85 or converted to USDC, the company said. They can be redeemed after a one-day lock-in period. For staked tokens, the lock-in period may vary, but the company plans future pools to enable near-instant trading.

ORO tokens offer fractional gold ownership and investors will get early access in the first quarter of 2025, the company said, with a target of $1 billion worth of gold within the first year. It plans to tokenize yield-bearing gold.

“With digital gold, people can buy in small increments at a low price and redeem their tokens for fiat or USDC anytime, anywhere. This makes it much easier to access and manage compared to traditional gold,” Ahmed added.

Digital gold allows users to earn from the historical appreciation of the yellow metal, and by placing ORO’s token on the platform, it provides an additional three to four percent annualized yield, Ahmed said.

He assured that ORO ensures full 1:1 backing of its tokens with physical gold, verified through monthly third-party attestations. All gold reserves are stored with industry-leading custodians such as Brinks, are fully insured, and independently audited.

Fasset said it has raised $26.7 million in funding and has received regulatory approvals to offer tokenized assets in the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and several other countries.