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Fasset is a global digital asset exchange that provides people in emerging markets with access to the digital asset space.
New stablecoin bank Fasset secures $68 million in funding led by SBI Group, reaching a $1 billion valuation.
According to CoinDesk, newly established stablecoin bank Fasset has secured $68 million in funding led by SBI Group, achieving a valuation of $1 billion. The company reports an annualized trading volume exceeding $40 billion across 125 countries, with year-over-year revenue growth of approximately sixfold, and has been profitable for 12 consecutive months. Built on Arbitrum, Fasset operates its proprietary Layer 2 network, OWN, delivering stablecoin-settled cross-border payment services for institutional and individual clients. Additionally, it has partnered with SBI Remit to integrate with its remittance network spanning 200 countries.
SBI Group makes strategic investment in stablecoin platform Fasset; subsidiary SBI Remit signs MoU to jointly build next-generation international remittance infrastructure
According to CoinPost, SBI Holdings completed a strategic investment in Fasset—a global stablecoin payment and cryptocurrency trading platform—in May 2026, and announced that its international money transfer subsidiary, SBI Remit, had signed a memorandum of understanding (MoU) with Fasset to jointly build next-generation cross-border remittance infrastructure based on stablecoin technology. Fasset is a digital bank focused on Asia, the Middle East, and Africa, offering stablecoin settlement, remittance, and investment services via its proprietary payment network, “Own Network.” It currently serves 125 countries and regions and has over 2 million users. In the same month, Fasset closed its Series B funding round of $51 million, with investors including the SBI Group, Bahrain-based asset management firm Investcorp, and Turkey’s Arz Portföy.
Fasset, the new stablecoin bank, closes $51 million Series B funding round
According to CoinDesk, Fasset, a Los Angeles-based stablecoin-powered digital bank, has announced the completion of a $51 million Series B funding round. Investors include Japan’s SBI Group, Investcorp, and Turkish asset management firm Arz Portföy. The valuation for this round was not disclosed. Fasset leverages stablecoin technology to power over 50 payment corridors across Asia, Africa, and the Middle East, serving more than 1,000 SMEs in over 125 countries, with an annualized transaction volume exceeding $32 billion. The company plans to use the new funds to expand into new markets, develop lending and trade finance products, and scale its proprietary stablecoin payment and custody infrastructure—“Own Network.” Additionally, Fasset recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital banking card.
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New stablecoin bank Fasset secures $68 million in funding led by SBI Group, reaching a $1 billion valuation.
According to CoinDesk, newly established stablecoin bank Fasset has secured $68 million in funding led by SBI Group, achieving a valuation of $1 billion. The company reports an annualized trading volume exceeding $40 billion across 125 countries, with year-over-year revenue growth of approximately sixfold, and has been profitable for 12 consecutive months. Built on Arbitrum, Fasset operates its proprietary Layer 2 network, OWN, delivering stablecoin-settled cross-border payment services for institutional and individual clients. Additionally, it has partnered with SBI Remit to integrate with its remittance network spanning 200 countries.
SBI Group makes strategic investment in stablecoin platform Fasset; subsidiary SBI Remit signs MoU to jointly build next-generation international remittance infrastructure
According to CoinPost, SBI Holdings completed a strategic investment in Fasset—a global stablecoin payment and cryptocurrency trading platform—in May 2026, and announced that its international money transfer subsidiary, SBI Remit, had signed a memorandum of understanding (MoU) with Fasset to jointly build next-generation cross-border remittance infrastructure based on stablecoin technology. Fasset is a digital bank focused on Asia, the Middle East, and Africa, offering stablecoin settlement, remittance, and investment services via its proprietary payment network, “Own Network.” It currently serves 125 countries and regions and has over 2 million users. In the same month, Fasset closed its Series B funding round of $51 million, with investors including the SBI Group, Bahrain-based asset management firm Investcorp, and Turkey’s Arz Portföy.
Tether and Fasset Launch First Gold-Backed Visa Card
According to an official announcement, Tether has partnered with digital banking and investment platform Fasset to launch the world’s first gold-backed Visa card.
Fasset, the new stablecoin bank, closes $51 million Series B funding round
According to CoinDesk, Fasset, a Los Angeles-based stablecoin-powered digital bank, has announced the completion of a $51 million Series B funding round. Investors include Japan’s SBI Group, Investcorp, and Turkish asset management firm Arz Portföy. The valuation for this round was not disclosed. Fasset leverages stablecoin technology to power over 50 payment corridors across Asia, Africa, and the Middle East, serving more than 1,000 SMEs in over 125 countries, with an annualized transaction volume exceeding $32 billion. The company plans to use the new funds to expand into new markets, develop lending and trade finance products, and scale its proprietary stablecoin payment and custody infrastructure—“Own Network.” Additionally, Fasset recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital banking card.