Stablecoin neobank Fasset has raised $68 million in a Series C led by SBI Group at a $1 billion valuation as transaction volume tops $40 billion annualized.
- Fasset, a stablecoin-focused financial platform, has secured $68 million in a Series C funding round led by SBI Group, achieving a $1 billion valuation.
- The company's growth is driven by over $40 billion in annualized transaction volume and expansion of its 'Own Network' infrastructure, connecting traditional finance with blockchain settlement.
- This funding highlights a shift in investor focus towards stablecoin infrastructure and its role in mainstream payments, cross-border transactions, and tokenized asset settlement.
Topics: Institutional adoption, Integration with defi, Scalability, Asset manager initiatives, Rwa collateral lending, Institutional capital inflows
Tags: #fasset #stablecoin #sbigroup #fundinground #valuation #transactionvolume #ownnetwork #crossborderpayments #tokenizedassets #financialinfrastructure
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