Fasset has raised $68 million in a Series C led by Japan's SBI Group, valuing the stablecoin-focused neobanking platform at $1 billion as it expands its cross-border settlement infrastructure..
The Los Angeles-based company said in a statement shared with The Block that it will use the funding to expand Own Network, its regulated financial infrastructure connecting banks, payment providers, liquidity providers, and other financial institutions across more than 100 banking corridors.
Fasset also plans to invest in AI-enabled systems for corridor banking, stablecoin settlement, and tokenized assets, it added.
"The next phase is about any-to-any banking.
Any person to any person.
