Japan’s SBI leads $68M Fasset round at $1B valuation
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Stablecoin neobanking platform Fasset raised $68 million in a Series C funding round led by Japan’s SBI Group at a $1 billion valuation. This follows a $51 million Series B round in May, bringing Fasset’s total funding raised in 2026 to $119 million. SBI Holdings made an additional undisclosed investment in Fasset and plans to increase its stake through warrants, with Fasset expected to become an equity-method affiliate of SBI.
Why it matters
The investment and partnership signal SBI’s commitment to expanding digital banking and stablecoin infrastructure in Asia. The planned joint operation of a digital bank in Malaysia and distribution of Fasset-issued tokens indicate growing integration of crypto-native technologies in traditional financial services.
Key context
Fasset’s Own Network connects banks, payment companies, liquidity providers, and other financial institutions across over 100 banking corridors. The company is also investing in AI systems for stablecoin settlement, tokenization, and cross-border banking. Previously, SBI invested in Fasset in May 2026 and has experience with crypto platforms, such as acquiring Coinhako in Singapore.
Key numbers and entities
Fasset raised $68 million in Series C funding at a $1 billion valuation, totaling $119 million raised in 2026. SBI Group leads the round and plans further investment through warrants. The platforms and initiatives relate to stablecoins, digital banking, and AI-based financial infrastructure.
What remains unclear
The exact amount of SBI’s latest investment was not disclosed. Details on the timetable for the digital bank launch in Malaysia or specifics about the token distribution remain unspecified. The source does not reveal how the new investments might affect Fasset’s operational strategies or market positioning.