SBI Invests $68M into Fasset, Valuing Stablecoin Platform at $1B

Fasset has reached a $1 billion valuation after securing a $68 million investment led by SBI Group, marking a significant milestone for the stablecoin-focused banking platform.

The company has seen rapid growth, with revenue increasing sixfold year over year and remaining profitable for 12 consecutive months. Fasset processes more than $40 billion in annualized transaction volume across 125 countries, serving consumers and businesses that hold, send, spend, and invest across currencies and assets.

The investment will support the expansion of OWN Network, Fasset's proprietary AI-enabled Ethereum Layer 2 built on Arbitrum, which connects banks, telecom companies, payment firms, liquidity providers, and other institutions across more than 100 banking corridors. The SBI relationship is expected to deepen this network, particularly in Japan, Asia, and emerging markets.