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Fasset, NEC Payments to pilot tokenising Tesla Supercharger network Mohammad Raafi Hossain, Chief Executive Officer, Fasset. — Supplied photo Development aims to accelerate the adoption of electric vehicles and greater interest in green industries in the Middle East Fasset, a provider of a tokenisation and financing platform for sustainable infrastructure assets, and authorised to participate in the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, has announced its Proof-of-Concept (PoC) tokenisation of a Tesla Supercharger charging unit, a decisive step in the progression of the ele...

As part of the first tokenisation of a Tesla charging unit, Fasset has created 10 “tokens”—digital representations of fractional ownership—as part of the pilot. These tokens grant holders access to a wall charger at discounted rates—as co-owners in the electricity supplied by the unit. The 10 minted tokens have been distributed to Bahraini residents, who are participating as the Sandbox pilot volunteer customers, and may be bought, sold, or traded just as access tokens for any other service. On its partnership with NEC Payments, Mohammad Raafi Hossain, Fasset Chief Executive Officer...