Fasset Raises USD51m to Expand Stablecoin Banking Across Asia

US-based fintech Fasset has raised USD51m in a Series B funding round to accelerate expansion of its stablecoin-powered banking and financial infrastructure platform across Asia and other emerging markets.

The stablecoin banking Asia funding round included investors such as SBI Group, Investcorp, Arz Portföy and several family offices, reflecting growing institutional interest in regulated digital payments infrastructure.

Fasset said it plans to expand regulated banking infrastructure across more than 50 banking corridors spanning Asia, Africa and the Americas.

The company, which already operates in markets including Indonesia, Malaysia and Pakistan, said the new capital will support additional banking licences, compliance systems and expansion of its proprietary stablecoin payments infrastructure.

The company added that it currently processes more than USD32bn in annualised transaction volume across more than two million wallets and around 1,000 SME clients globally.

The fundraising highlights increasing investor appetite for cross-border fintech infrastructure that combines regulated digital assets, payment efficiency and financial inclusion across emerging markets.