# Fastex

> Fastex is a SoftConstruct-incubated Web3 ecosystem combining a cryptocurrency exchange, payment products, wallets, the ftNFT marketplace and physical art spaces, and the Bahamut blockchain, whose native coin is Fasttoken (FTN). Its proposition is to connect trading, spending, collecting and blockchain development under a shared brand.

- **Founded:** 2022
- **Headquarters:** Dubai, United Arab Emirates
- **Founders:** Vigen Badalyan (Co-founder)
- **Products:** Fastex Exchange, Fastex Pay, Fastex Card, Fastex Wallet, ftNFT
- **Notable:** Reported US$23.2 million raised through FTN private and public token sales in January 2023., Opened the Dubai Mall ftNFT space in March 2023., Hexens verified remediation of all issues in its April 2023 Bahamut review, including one critical and two high-severity findings.

## Products & services

- **Fastex Exchange** — Centralized cryptocurrency spot exchange with fiat access; its June 2025 U.S. announcement covered 27 states and territories.
- **Fastex Pay** — Crypto payment gateway for businesses.
- **Fastex Card** — Payment card product; an upgraded exchange-linked card with Monavate and a premium Arculus-enabled version were presented in July 2025.
- **Fastex Wallet** — Self-custody wallet within the wider Fastex product offering.
- **ftNFT** — NFT marketplace and physical digital-art spaces, including a Dubai Mall location opened in March 2023.
- **Bahamut** — EVM-compatible layer-1 blockchain using FTN, with a proof-of-stake-and-activity design.
- **Fasttoken (FTN)** — Utility asset for the Fastex ecosystem and native coin of Bahamut, used for network fees and staking.
- **FTN Notes** — Physical collectibles described at Harmony Meetup 7 as backed 1:1 by FTN; these are not sovereign banknotes.

## Achievements

- Reported US$23.2 million raised through FTN private and public token sales in January 2023.
- Opened the Dubai Mall ftNFT space in March 2023.
- Hexens verified remediation of all issues in its April 2023 Bahamut review, including one critical and two high-severity findings.
- Announced a Malta Class 4 VFA licence in January 2025; this is a historical authorization claim, not verification of current MiCA authorization.
- Announced U.S. spot-trading expansion in 27 states and territories in June 2025.

## Latest updates

- **2025-01** — Reported receipt of a Malta Class 4 VFA licence.
- **2025-06** — Announced U.S. expansion across 27 states and territories for retail and institutional spot traders.
- **2025-06** — Published P2P terms last revised 20 June 2025, describing user-to-user asset trades and potential withdrawal waiting periods.
- **2025-07** — Harmony Meetup 7 showcased FTN Notes and upgraded card products; coverage was commissioned by Fastex.

## Links

- Website: https://www.fastex.com/
- LinkedIn: https://www.linkedin.com/company/fastexecosystem/
- Twitter/X: https://x.com/Fastex
- GitHub: https://github.com/fastexlabs
- YouTube: https://www.youtube.com/@fastexecosystem
- Instagram: https://www.instagram.com/fastexecosystem/
- Facebook: https://www.facebook.com/fastexecosystem/

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Profile page: https://yespress.io/fastex
Published by YesPress — https://yespress.io
Last updated: 2026-10-25