Fasset has raised $68 million in Series C funding at a $1 billion valuation, making the stablecoin-focused fintech one of the latest companies to enter the global fintech unicorn club.

The round was led by SBI Group, with participation from existing investor Speedinvest. It follows Fasset’s $51 million Series B in May, bringing its total funding raised in 2026 to $119 million.

From stablecoin platform to financial infrastructure

Founded in 2019, Fasset is building a financial platform that lets individuals, businesses and institutions receive, hold, move, spend and invest across currencies, markets and asset classes.

Underneath it sits Own Network, Fasset’s regulated financial infrastructure connecting banks, payment providers, liquidity providers, custody partners and settlement networks across more than 100 banking corridors.

The company says it now processes more than $40 billion in annualized transaction volume, serving 3 million+ wallets and more than 1,000 enterprises across 125 countries.

Why SBI’s investment matters

The most interesting part of this raise isn’t just the $1 billion valuation.

It’s who led it.

SBI Group is one of Japan’s major financial groups, spanning banking, securities, asset management, private equity and digital assets. Its investments include companies such as Ripple, Circle and Morpho.

For Fasset, the relationship potentially provides access to something that can be more valuable than capital: an established financial ecosystem across Asia and international markets.

SBI has already partnered with Fasset through SBI Remit, which provides access to a network supporting bank-account remittances to approximately 200 countries.

The investment therefore fits directly into Fasset’s ambition to build cross-border financial infrastructure rather than simply another fintech application.

Stablecoins become the infrastructure

Fasset is increasingly positioning stablecoins as something that sits underneath the financial experience rather than something customers necessarily need to interact with directly.

Parts of Own Network use stablecoins for settlement between markets where appropriate, while customers interact with financial accounts and products.

The company is also applying AI to determine how transactions should move across payment rails, currencies, liquidity providers and settlement methods based on factors such as cost, speed and availability.

The Series C will accelerate this work, particularly across stablecoin settlement, corridor banking and tokenized assets.

The bigger bet: any-to-any banking

Fasset’s long-term thesis is what CEO Mohammad Raafi Hossain describes as “any-to-any banking”: any person to any person, any asset to any asset and any rail to any rail.

That is a much bigger proposition than building another stablecoin wallet.

The company is betting that financial access should become increasingly independent of geography, with regulated local infrastructure connected to global assets and settlement networks through a single platform.

Whether that becomes the next layer of global banking remains to be seen. But with $40 billion in annualized volume, 125 countries and now a $1 billion valuation, Fasset is no longer making that bet from the sidelines.

Key takeaways for fintech startups

• Strategic capital can matter more than capital alone. SBI gives Fasset access to a major financial ecosystem alongside its investment.
  
  
• Infrastructure is becoming the bigger stablecoin opportunity. The value may increasingly sit in settlement and connectivity rather than consumer-facing wallets.
  
  
• AI is moving deeper into fintech infrastructure. Fasset is using it to optimize routing across rails, currencies and liquidity providers.
  
  
• Cross-border complexity creates opportunities. Connecting fragmented local financial systems remains one of fintech’s biggest infrastructure challenges.

Fasset’s latest raise shows where stablecoin fintech may be heading next: away from being a new financial product and toward becoming invisible infrastructure for moving money globally.

If you’re building in fintech and want to explore where opportunities like this could fit into your strategy, Contact us⁠.