Fasset Hits Unicorn Status with $1 Billion Valuation after $68 Million Funding Round

Fasset has reached unicorn status after raising $68 million in a Series C funding round led by Japan's SBI Group, valuing the stablecoin-focused financial platform at $1 billion.

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

Fasset will use the fresh capital to expand its Own Network, which connects banking systems, telecom operators, payment companies, custody providers, liquidity providers, and settlement infrastructure. The company plans to increase investment in artificial intelligence systems used for payment routing, stablecoin settlement, corridor banking, and tokenized assets.

SBI Group's involvement is significant as it has been building exposure across digital assets, including investments and partnerships with exchanges, blockchain businesses, and stablecoin companies.