Fasset, the AI-powered stablecoin neobanking platform, connecting banks, telcos, payment firms and liquidity providers across more than 100 corridors worldwide, has closed a $68m Series C funding round that values the business at $1bn.
The round was led by SBI Group and follows Fasset’s $51m Series B, closed earlier this year, which brought Speedinvest onto the company’s cap table alongside a number of strategic backers.
The fresh capital will go towards growing Own Network, Fasset’s regulated financial infrastructure linking banks, telecoms operators, payment firms and liquidity providers to enable cross-border settlement. The company also intends to put more resources behind agentic AI systems supporting corridor banking, stablecoin settlement and tokenised asset infrastructure.
Combined with May’s Series B, Fasset has now brought in $119m across 2026, a total that pushes the company into the ranks of the world’s fintech unicorns.
The deal deepens Fasset’s ties with SBI Group, one of Japan’s largest diversified financial groups, active across banking, securities, asset management and private equity, with a portfolio that includes stakes in Ripple, Circle, Morpho and B2C2.
Fasset gives customers the ability to receive, hold, move, spend and invest across different currencies, markets and asset types. Own Network sits behind these products, tying together local banking systems, payment and liquidity providers, custody partners and settlement networks, with stablecoins used in parts of the infrastructure to move value between markets. Customers access these capabilities through accounts and products rather than managing the settlement layer directly, while AI is used to route transactions across rails, currencies and providers based on cost, speed and availability.
Read more: https://fintech.global/2026/08/24/fasset-hits-1bn-valuation-with-sbi-led-68m-round
