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SBI leads $68M Series C for Fasset at $1B valuation
Fasset said the round follows its $51M Series B in May and brings 2026 funding to $119M, as it plans stablecoin payment expansion and a Malaysia digital bank.
Fasset, a stablecoin neobanking platform, raised $68 million in a Series C round led by Japan’s SBI Group at a $1 billion valuation, Cointelegraph reported. The funding comes after a $51 million Series B in May and lifts Fasset’s total funding raised in 2026 to $119 million, according to the report.
Cointelegraph said SBI Holdings also made an additional investment in Fasset after first investing in May, though it did not disclose the size of the latest investment. SBI plans to increase its stake after the Series C closes by exercising warrants, with Fasset expected to become an equity-method affiliate of the group.
The companies also plan to jointly operate a digital bank in Malaysia and distribute Fasset-issued tokens, according to Cointelegraph. Fasset said the new capital will be used to expand Own Network, its infrastructure connecting banks, payment companies, liquidity providers and other financial institutions across more than 100 banking corridors.
Fasset also plans to invest more in artificial intelligence systems used for stablecoin settlement, tokenization, and cross-border banking, Cointelegraph reported.