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Fasset Raises $51M Series B Backed by SBI Group on May 14

2026-05-15 00:21:32

ON1.76%

MAY1.03%

IN-2.25%

BASED-3.58%

Fasset raised $51 million in Series B funding on May 14 for its stablecoin banking and digital asset platform, with backing from SBI Group, Arz Portföy, Investcorp, and several family offices. The Los Angeles-based company will use proceeds to fund new licenses, compliance systems, and products including lending and trade finance across over 50 banking corridors. Fasset handled $32 billion in annualized transaction volume across 2 million wallets in 125 countries.

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