Fasset Raises $68M Series C, Valued at $1B for Stablecoin Banking

Fasset, a fintech innovator focused on stablecoin-based banking infrastructure, has successfully closed a $68 million Series C funding round, achieving a significant $1 billion valuation. This latest infusion of capital, led by Japan's prominent SBI Group, propels the company into the coveted unicorn status and underscores growing investor confidence in its approach to modernizing cross-border financial transactions.

The substantial Series C follows closely on the heels of Fasset's $51 million Series B raise earlier this year, bringing the company's total funding secured in 2026 to an impressive $119 million. Existing investors, including Speedinvest, have reaffirmed their commitment, participating in this latest financing round. This sustained investor backing highlights Fasset's trajectory and its perceived potential within the rapidly evolving digital finance sector.

Fasset's strategic advantage lies in its proprietary 'Own Network' infrastructure, designed to bridge traditional banking systems with the efficiency of stablecoins. This platform facilitates seamless connectivity between banks, payment processors, telecommunication firms, and liquidity providers across over 100 international payment corridors. By leveraging stablecoins as a settlement mechanism and integrating advanced AI, Fasset aims to drastically reduce the cost and increase the speed of international money transfers, moving beyond the limitations of legacy systems.

The company's ambition extends to creating an 'any-to-any' banking experience, enabling peer-to-peer transactions across diverse assets and payment rails globally. Founded in 2019, Fasset has already established a considerable footprint, serving over 3 million digital wallets and more than 1,000 enterprise clients across 125 countries. Its reported $40 billion in annualized transaction volume demonstrates tangible market traction and the operational capacity of its infrastructure.

The involvement of SBI Group is particularly noteworthy. As a major financial conglomerate with extensive interests in banking, securities, and digital assets, SBI Group's investment signifies a strategic alignment with Fasset's vision. SBI's existing portfolio includes investments in key digital asset players like Ripple and Circle, and its subsidiary, SBI Remit, already partners with Fasset, providing access to a vast remittance network. This deepens the strategic partnership beyond mere capital injection.

This funding round arrives at a pivotal moment for stablecoins, as they transition from niche trading instruments to viable solutions for mainstream cross-border payments and settlements. The global market for cross-border payments is projected to reach trillions of dollars annually, with significant inefficiencies and costs still prevalent. Fasset's AI-driven approach to optimizing transaction routing across various payment rails and liquidity pools positions it to capture a substantial share of this market, particularly in emerging economies where financial infrastructure is often fragmented.

With the new capital, Fasset plans to accelerate the development of its agentic AI systems, further enhancing its stablecoin settlement capabilities and its offerings for tokenized assets. The company's focus on building robust, regulated financial infrastructure in growth markets addresses a critical need for more accessible and affordable global financial services. The substantial transaction volume already processed by Fasset provides a strong validation of its model, setting the stage for its next phase of expansion and market penetration.