The steady interest of institutional investors in digital asset infrastructure projects continues to set new benchmarks for the market. This time, the spotlight is on the stablecoin neobank Fasset, which has successfully closed a Series C funding round, raising $68 million. The leading role in this round was played by the Japanese corporation SBI Group, which in itself is a strong signal of confidence from the Asian financial mainstream.
Following the deal, the company's valuation reached the $1 billion mark, formally cementing Fasset's status as a "unicorn." This is not just a symbolic figure—it reflects the market's growing confidence that niche players focused on cross-border settlements and tokenization can compete with traditional banking giants for liquidity flows.
The raised capital will be directed toward two key areas: the development of its own blockchain network, Own Network, and the integration of AI systems to optimize cross-border payments. Additionally, part of the funds will go toward scaling solutions for "stablecoins" and tokenized assets, indicating the company's strategic course toward building comprehensive infrastructure for institutional DeFi.
It is important to note that this is already the second major tranche for Fasset this year. In May, the project received $51 million, which, combined with the current round, brings the total funding for 2026 to $119 million. This pace of capital raising demonstrates not only the resilience of the business model but also the high appetite of investors for projects that solve real problems of liquidity and settlement speed in the global economy.
My take: Fasset's success is confirmation that the market is moving from speculative metaphors to practical infrastructure. SBI Group's investment—one of Japan's largest financial conglomerates—in a project focused on tokenized assets and AI is not just a financial deal but a strategic signal that traditional giants are ready to integrate crypto solutions into their operational processes. If Fasset manages to realize the stated potential of Own Network, we could see a new standard for cross-border B2B payments.