Stablecoin-focused neobank Fasset has closed a Series C funding round of $68 million, led by Japanese financial group SBI Group. This deal raised the company's valuation to the symbolic mark of $1 billion, confirming growing institutional interest in digital payment infrastructure.
Strategic Priorities: Own Network and AI Solutions
The raised funds will be directed toward the accelerated development of its own blockchain platform, Own Network, as well as the integration of artificial intelligence into cross-border settlement systems. Particular emphasis is placed on improving the issuance mechanisms for "stablecoins" and tokenized assets, which should enhance the efficiency of international payments and reduce operational costs.
Notably, this is already the second major tranche for Fasset this year. In May, the company received $51 million, bringing the total funding raised in 2026 to an impressive $119 million. Such momentum indicates a high degree of trust from Asian investors, especially given the participation of SBI Group, which is known for its active stance in Japan's cryptocurrency ecosystem.
In my view, achieving unicorn status during such a challenging period for the market is not just a financial success but a signal that niche players focused on real payment solutions continue to attract capital even amid volatility. The key factor here is the technological depth of the project, rather than mere speculative appeal. Ahead lies the test of Fasset's ability to scale its infrastructure and compete with traditional banking channels in the Asia-Pacific region, and it is precisely this that will determine the company's long-term value.