Fasset Raises $68 Million at $1 Billion Valuation to Expand Stablecoin Settlement Network

Fasset has raised US$68 million in Series C funding at a US$1 billion valuation, with the round led by Japan’s SBI Group. The company announced the financing on 24 August 2026, three months after a US$51 million Series B completed in May.

According to Fasset, the new capital will be used to expand Own Network, its regulated financial infrastructure linking banks, telecom operators, payment companies, liquidity providers, custody partners and settlement networks across international markets. The company also plans to increase investment in agentic AI systems supporting corridor banking, stablecoin settlement and tokenized-asset infrastructure.

Stablecoin and cross-border infrastructure at the centre of the expansion

Fasset says Own Network currently connects financial institutions and service providers across more than 100 banking corridors. Stablecoins are used in parts of the network as settlement infrastructure, while customers interact through conventional financial accounts and products rather than managing the underlying blockchain settlement process directly.

The company says it now processes more than US$40 billion in annualized transaction volume, serves more than 3 million wallets and over 1,000 enterprises, and operates across 125 countries. These figures are company-reported and have not been independently verified in the funding announcement.

The Series C brings Fasset’s 2026 fundraising to US$119 million. The company states that it has raised more than US$150 million since being founded in 2019.

SBI deepens its digital-finance exposure

SBI Group said the investment aligns with its strategy to develop an Asia-Pacific digital economic zone built around on-chain financial infrastructure. SBI specifically identified international remittance and stablecoin-based settlement as a core component of that strategy and said it expects Fasset to help connect Japan with growth markets in Asia, the Middle East and Africa.

For the AML and compliance sector, the significance of the financing is less the unicorn valuation itself than the scale-up of regulated stablecoin settlement and cross-border banking infrastructure. As these networks expand across jurisdictions and payment rails, customer due diligence, transaction monitoring, sanctions screening and traceability across fiat and tokenized settlement channels become increasingly central operational controls.