SBI Holdings Doubles Down on Fasset with $1 Billion Investment

Ripple's long-standing partner SBI Holdings has made another significant investment in Fasset, a UAE-based stablecoin payments firm. This latest deal values Fasset at $1 billion, based on the share acquisition price.

This is not the first time SBI Holdings has invested in Fasset; their strategic partnership began back in May 2026. The Japanese company's focus on digital-asset financial services and cross-border payments aligns with Fasset's vision of providing remittance, payment, and investment services based on stablecoins to Asia, the Middle East, and Africa.

Fasset's funds system enables links between various blockchain networks and banking corridors in international markets. The company also offers thousands of wallets in over 100 countries and regions.

SBI Holdings is planning to convert Fasset into an equity-method affiliate following the completion of its Series C funding round through warrant exercises. The two companies are also exploring a potential collaboration on launching a digital bank in Malaysia, with plans to share tokens issued by Fasset.