Fastex Launches World’s First Physical Collectible Notes Backed 1:1 by Fasttoken (FTN)

Dubai, UAE-based cryptocurrency exchange Fastex has introduced a novel financial product: collectible currency notes directly backed by its native FTN token at a 1:1 ratio. This initiative, launched on July 28, 2025, positions Fastex as the first exchange to merge physical collectibles with blockchain-backed assets. The notes, developed in partnership with anti-counterfeit technology firm Authentix, feature advanced security measures such as intaglio ink, optically variable ink, metallic foils, and polymer substrates. Each note is paired with a non-fungible token (NFT) for digital verification, enabling holders to redeem the physical asset for FTN tokens on the Fastex platform while ensuring the 1:1 peg through NFT burning upon redemption [1].

The collectible currency notes draw inspiration from planetary aesthetics in the Solar System, blending artistic design with cutting-edge security. Holders gain access to exclusive benefits, including early product access, airdrops, and event invitations. To purchase the notes, users must complete Know-Your-Customer (KYC) verification via the Yo Cash platform, a collaboration between Fastex and Authentix. The integration of Authentix’s 25-year expertise in anti-counterfeit technology with Fastex’s blockchain infrastructure underscores the project’s focus on bridging traditional collectibility with digital finance [1].

Vakhtang Abrahamyan, Fastex’s CEO, described the initiative as a "new way to interact with digital assets," emphasizing transparency, trust, and innovation. The project aligns with Fastex’s broader vision to expand the utility of its FTN token, which underpins the Bahamut EVM-based blockchain and decentralized platforms. Joe Galloso of Authentix praised the collaboration as a fusion of traditional banknote security and blockchain technology, highlighting the potential to redefine authentication standards in high-value assets [1].

The FTN-backed notes were unveiled at Harmony Meetup VII on July 9, alongside the launch of a crypto debit card and a premium metal version. The event showcased Fastex’s commitment to real-world integration of digital assets. By offering a tangible, secure extension of FTN, the exchange aims to attract both crypto enthusiasts and traditional collectors. However, the long-term success of the initiative will depend on maintaining the 1:1 peg as demand for the notes fluctuates and on the platform’s ability to scale adoption [1].

The launch represents a strategic milestone for Fastex, enhancing FTN’s role in its ecosystem and setting a precedent for hybrid asset models. While the project addresses counterfeiting and authentication challenges, its broader impact hinges on user engagement and market dynamics. The collaboration with Authentix strengthens the notes’ credibility, leveraging decades of expertise in securing global supply chains and high-value assets [1].

Source: [1] [title: Fastex Launches World’s First Physical Collectible Notes Backed 1:1 by Fasttoken (FTN)] [url: https://coinmarketcap.com/community/articles/68874805ccfa7925fe395c99/]