Fasset raised 68 million dollars in a Series C funding round led by SBI Group, valuing the stablecoin neobanking platform at 1 billion dollars. This latest round brings total funding raised in 2026 to 119 million dollars, following a 51 million dollar Series B completed in May. The company currently processes more than 40 billion dollars in annualized transaction volume, serving more than 3 million wallets, over 1,000 enterprises, and users across 125 countries. Fasset plans to use the new capital to expand Own Network, its regulated financial infrastructure, and increase investment in AI systems for stablecoin settlement, tokenized assets, corridor banking, and payment routing. SBI Group’s investment aligns with its strategy to develop an onchain financial network across Asia Pacific and emerging markets, with existing investments in companies including Ripple, Circle, and Morpho.
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