Legal entity (Official Gazette notice)Official recordNotice published 2025-26/09/23
The Official Gazette notice published in gazette 23512 on 1404/09/23 names the company as Aban Tabadol Arsabaran, a private joint stock company, and prints the national identifier and registration number held on this record. Aban Tether is the brand; that company is the legal operator. This claim replaces an earlier one whose evidence chain ran through a registry intermediary and was withheld from the delivery on 15 September 2026.
Registered capital (Official Gazette notice)Official recordCapital increase resolved 2025-26/09/04, notice published 2025-26/09/23
The same notice records a decision of the extraordinary general meeting of 1404/09/04 raising the company's capital from 1,000,701,000,000 rial to 4,600,701,000,000 rial, divided into 4,600,701 registered ordinary shares of 1,000,000 rial each, wholly by non-cash contribution, with the article of association amended and the increase completed and signed on that date. This restores, from the primary notice, a figure the desk withdrew earlier on 15 September 2026 when its only evidence was a registry intermediary.
Founding timeline, sources disagreeCompany disclosed2018 to 2022
Aban Tether's about page states that the company set out from 2018-19 to build a simple, secure and trustworthy space for users, which is the company's own dating of the brand's activity. The registered company behind it dates from 2020 on the registry, and the record carries both rather than resolving them.
Platform scope and leadership (company site)Company disclosedCompany about page read 15 September 2026
Aban Tether's about page states that it offers zero commission on tether purchases and sales, trading credit of up to 20 times with a ceiling of 300,000 tether, more than 1,000 tradable cryptocurrencies, and instant deposits and withdrawals with no rial ceiling. The same page names the chief executive as Sahand Hamzehei, with Mostafa Lavaei as chief technology officer, Mohammad Elmi as chief business development officer and Iman Mashalchian as chief marketing officer.
Users at the FY2022 annual report launchCompany disclosedMay 2023
At the company own annual report event for 2022, held in May 2023, deputy chief executive Farhad Fallah stated that Aban Tether then had around 800,000 users and 300,000 monthly actives. The figures are as at that date and the desk carries no later count.
Trading volume, and the company own caveat on itCompany disclosedStated at the company annual report event, May 2023
Asked about volume at the same event, deputy chief executive Farhad Fallah stated that exchange volumes in Iran are usually exaggerated and that no exact figure is announced, so the company could not announce one either; he put Aban Tether daily average at roughly 400 to 500 billion toman and said that by volume the company is among the four large exchanges in the country. The desk carries the caveat with the number because the source itself attaches it.
User compensation fund, as described by the companyCompany disclosedStated at the company annual report event, May 2023, describing 2022
At the same event the deputy chief executive described an insurance fund for users, funded from the exchange surplus profit, and stated that when the Gala token collapsed the company paid users the equivalent of 350,000 dollars of their Gala holdings from that fund. The desk records the disclosure as the company account of the episode.
Asset coverage and headcount as at May 2023Company disclosedAs at the company annual report event, May 2023
The same report states that Aban Tether then supported more than 300 cryptoassets, with Tether and Shiba Inu accounting for the highest trading volume on the platform, and that its team stood at 120 people with an average age of 28, per human resources manager Parisa Hosseinzadeh. These are dated figures from May 2023; the desk does not carry them forward to the present.
A product the regulator stopped, disclosed by the companyCompany disclosedStated at the company annual report event, May 2023
At the same event the deputy chief executive stated that the company had implemented a platform to let an Iranian user buy and sell the shares of foreign, non-American companies with cryptoassets, and that the Securities and Exchange Organisation did not permit it. The desk records the disclosure as a documented instance of a regulator blocking an Iranian exchange product.
