Abstract: The present invention is a lace fastening device that can be attached to items requiring the use of laces that firmly ties the laces of the said item. The fastening device comprises; a housing base (3), a gripping plate (1); a central aperture (3A), into which both free ends of the lace are threaded to penetrate through; a gap spacer (2) (optional); a safety strap (7); and a pair of lace clips (4) that retains the free ends of the lace. The gripping plate (1) having serrations (1A) allows for sliding the lace when the lace is pulled along the lateral slots and, prevents the lace from sliding back towards the central aperture (3A) when the lace is released. Therefore, the device gives the user greater ease, speed and convenience in fastening and undoing laces on the said items.