Stablecoin-driven bank Fasset completes $51M Series B funding

PANews

Release Time: 05/14/2026 13:16:41

Summary

Stablecoin-driven bank Fasset has secured $51 million in Series B funding, led by SBI Group, Investcorp, and Arz Portföy. The company will use the capital to expand into new markets, develop loan and trade finance products tailored for SMEs, and scale its stablecoin infrastructure, Own Network. Headquartered in Los Angeles, Fasset operates 50+ payment channels across Asia, Africa, and the Middle East, serving over 1,000 SMEs in 125 countries, with an annualized transaction volume exceeding $32 billion. Funding rates remain a key focus as the company scales. The broader market’s Fear & Greed Index continues to influence investor sentiment.

PANews, May 14: Fasset, a new bank powered by stablecoins, has completed a $510 million Series B funding round, with participation from Japan’s SBI Group, Investcorp, and Turkish asset management firm Arz Portföy. The valuation was not disclosed. Fasset stated that the new funds will be used to expand into additional markets, develop lending and trade finance products for small and medium-sized enterprises, and scale its stablecoin payment and custody infrastructure, “Own Network.” Headquartered in Los Angeles, Fasset currently operates over 50 payment channels across Asia, Africa, and the Middle East, utilizing stablecoins for cross-border transfers. The company reports that its platform serves more than 1,000 SMEs across 125 countries, with an annualized transaction volume exceeding $32 billion.

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