Fasset Raises $51M to Expand Stablecoin Banking in 50+ Corridors

Fasset, a U.S.-headquartered regulated banking and investment platform, closed a $51 million Series B led by SBI Group with participation from Arz Portföy, Investcorp and several family offices.

The company said the funding will finance additional regulatory licenses, compliance systems, SME lending and trade finance products, and further development of Own Network, its proprietary stablecoin payment and custody infrastructure focused on Asia-Africa flows.

Own Network handles stablecoin payments and custody for routes where fiat conversion and correspondent banking relationships are thin. Fasset designed the infrastructure to shorten settlement times and reduce cross-border transfer costs for corridors with limited conventional banking options.

Fasset reported more than $32 billion in annualized transaction volume, about 2 million wallets and over 1,000 SME clients across 125 countries. The firm holds regulatory approvals in the UAE, Indonesia, the European Union, Türkiye, Pakistan and Malaysia and operates in Southeast Asia, the Middle East and the United States.

One product highlighted by the company is a gold-backed neo-banking card developed in partnership with Tether. The card offers access to gold-denominated value through a regulated card structure intended for consumers in markets with currency instability or limited access to dollar savings.

Fasset plans to expand SME banking and trade finance by combining the stablecoin settlement layer with regulated banking relationships. The company said faster settlement will release working capital tied up by multi-day correspondent banking chains and allow more timely supplier payments and trade financing for cross-border SMEs.

SBI Group led the Series B. Fasset described SBI as a strategic partner with extensive banking relationships across Asia and said the investment creates distribution and partnership opportunities that complement its licensed infrastructure.

Fasset listed expansion across more than 50 banking corridors in Asia, Africa and the Americas as the funding round’s primary operational target. The company emphasized regulatory approvals and licensed banking operations as the basis for offering stablecoin-settled services to retail, SME and institutional clients.