Inspired by the United Nations Sustainable Development Goals, Fasset hopes to expedite the construction of sustainable infrastructure while providing safe, secure, and yielding investments to a broader investor base. This is in response to increasingly pronounced climate degradation and a clear lack of capital entering the sustainable infrastructure sector — estimated by the World Economic Forum to be moving towards a US$15 trillion deficit by 2040.
“With climate change expected to cost the world economy US$7.9 trillion by 2050, impacting lives and communities, the need for sustainable infrastructure has never been more urgent. In addition, the COVID-19 pandemic has placed the global economy at a standstill with massive job losses and markets tumbling around the world. The most direct and effective way to accelerate the production of large-scale sustainable infrastructure projects — and, in turn, create sustainable jobs for the global economy — is through hard asset tokenization and the democratizing access to these investments. We believe that there is, today, an unprecedented opportunity to equalize the global economy while creating sustainable jobs and fighting climate change — and the time to seize it is now,” said Mohammad Raafi Hossain, Fasset Founder and CEO and former Technology Advisor to the United Arab Emirates Prime Minister’s Office, in a press statement.