Fasset, the Dubai-founded stablecoin neobanking platform, has raised $68 million in Series C funding at a $1 billion valuation, led by Japan’s SBI Group. The round follows a $51 million Series B in May, bringing total 2026 fundraising to $119 million.
The company says it now processes more than $40 billion in annualized transaction volume, a sharp jump from $7 billion at the end of Q3 2025. It serves over three million wallets and more than 1,000 enterprises across 125 countries.
The new capital will expand Fasset’s Own Network, a regulated infrastructure layer connecting banks, telcos and payment providers across more than 100 banking corridors, and deepen AI capabilities in settlement routing and corridor banking.
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