Stablecoin neobank Fasset continues its confident scaling, closing a Series C funding round at $68 million. The deal was led by Japanese financial group SBI Group, and the company's final valuation reached $1 billion, automatically elevating it to "unicorn" status amid growing institutional interest in digital assets.
The raised capital will be directed toward developing its own blockchain platform, Own Network, as well as improving AI systems focused on cross-border settlements. The focus is on the issuance of stablecoins and tokenized assets, which aligns with the global trend toward digitalizing payment infrastructure and reducing costs in international transfers.
It is important to note that this is already the second major tranche for Fasset this year. In May, the project raised $51 million, bringing the total funding for 2026 to $119 million. Such momentum indicates a high degree of investor confidence and confirms sustained demand for solutions that combine traditional finance with decentralized technologies.
The strategic partnership with SBI Group is not just a financial injection but also access to a powerful Asian ecosystem, including the Japanese and Southeast Asian markets. Given Japan's regulatory maturity regarding crypto assets, support from such a player could become a key factor in accelerating the adoption of Own Network in the corporate segment.
My view: Fasset's success is yet another confirmation that stablecoins have ceased to be a niche tool and have become a strategic asset for global financial institutions. With a $1 billion valuation and a focus on AI-optimized settlements, the project has every chance to capture a significant share in the competitive struggle against traditional payment systems. The only question is the pace of regulatory adaptation and the team's ability to scale the technology without losing efficiency.