According to ME News, on August 24 (UTC+8), stablecoin digital bank Fasset announced the completion of a $680 million funding round led by Japan’s SBI Group, valuing the company at $1 billion. Including the $510 million raised in May, Fasset has raised a total of $1.19 billion this year. Mohammad Raafi Hossain, Co-founder and CEO of Fasset, stated that the company’s annualized transaction volume has exceeded $40 billion, serving 125 countries. Revenue grew approximately sixfold year-over-year over the past year, and the company has been profitable for 12 consecutive months, though specific revenue and profit figures were not disclosed. (Source: BlockBeats)
Stablecoin digital bank Fasset completes $68 million funding at $1 billion valuation
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Summary
Stablecoin regulation is gaining momentum as Fasset, a digital bank focused on stablecoins, completes a $68 million funding round led by Japan’s SBI Group, valuing the company at $1 billion. The firm now has $119 million in total funding for 2026, including a $51 million round in May. Fasset reported over $400 billion in annualized transaction volume, operates in 125 countries, and has achieved six-fold year-over-year revenue growth. Digital asset regulation remains a key focus as the company continues to expand.
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