Fasset Surges Past $1 Billion Valuation with New $68 Million Funding Round

Fasset, a digital banking platform powered by stablecoins, has reached a $1 billion valuation after securing $68 million in a new funding round led by SBI Group.

The investment brings Fasset's total funding for 2026 to $119 million and comes just three months after the company closed its previous Series B funding round of $51 million, also led by SBI. The fresh capital will be used to expand OWN Network, Fasset's proprietary Ethereum layer-2 infrastructure, as well as its artificial intelligence systems for transaction routing.

Fasset operates a platform that allows consumers and businesses to hold, send, spend, and invest across currencies and assets using stablecoins as the settlement layer underneath. The company processes more than $40 billion in annualized transaction volume across 125 countries.