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Fasset Raises $68 Million in Series C Funding, Valued at $1 Billion
Fasset, a stablecoin-focused neobank, has completed a $68 million Series C funding round led by SBI Group, bringing its valuation to $1 billion. The company aims to expand its global payment infrastructure.
AS1 News
On August 24, Fasset announced the successful closing of a $68 million Series C funding round, led by SBI Group. This brings the total funding for 2026 to $119 million. Fasset plans to scale its Own Network infrastructure, which connects banks and payment systems across more than 100 countries. The company currently processes over $40 billion in transactions annually, supports more than 3 million wallets, and serves over 1,000 corporate clients. This funding underscores investor confidence in Fasset's role in international payments and stablecoin infrastructure development.
The funding and expansion plans suggest increased capacity and reach for Fasset's stablecoin infrastructure, potentially facilitating more international transactions and financial services.