Fasset, a Los Angeles-headquartered digital banking and investment platform, has raised $51 million in Series B funding to expand its stablecoin-powered banking and payments infrastructure across emerging markets, as investor interest in blockchain-based financial rails keeps building. The round included backing from SBI Group, Investcorp, Arz Portföy, and strategic family offices, according to the company and industry coverage published this week.
The company said the fresh capital will be used to grow what it calls “Own Network,” its internal financial infrastructure layer linking banks, payment companies, telecom operators, on/off-ramp partners and other institutions across cross-border corridors. Trade publication coverage said Fasset plans to push further into Asia, Africa and the Americas, while also building out services tied to SME banking, lending and trade finance.
Fasset is pitching itself into a part of fintech that’s getting a lot more attention lately: using stablecoins and tokenised settlement rails to make cross-border payments faster and cheaper, especially in markets where traditional banking can still be patchy, expensive, or slow. Coindesk described the company as part of a broader wave of startups building banking and payments services on blockchain infrastructure, while IBS Intelligence noted that regulators and financial institutions are increasingly exploring tokenisation and stablecoin-based settlement to modernise international payments.
The company says it already operates in several regulated markets, including the UAE, Indonesia, Malaysia, Pakistan, Türkiye and parts of Europe. It also says its platform supports more than two million wallets across 125 countries and handles roughly $32 billion in annualised transaction volume. Those figures come from the company and were repeated in trade reporting around the deal.
Fasset and republished press material are also framing the deal as one of the bigger fintech Series B raises of 2026, even calling it the largest payments Series B this year. That ranking appears to come from the company’s own characterization in its announcement and partner-content reproductions, not from an independent league table in the sources I checked, so it is best read as a company claim rather than a verified market-wide ranking.
In practical terms, the raise gives Fasset room to test whether stablecoin-based banking can move from niche infrastructure talk into something much more ordinary: remittances, small-business payments, trade flows, maybe even everyday banking products. That’s the real story here. The money is big, yes, but the bigger bet is that customers in underserved markets will trust digital finance built on crypto rails if the service feels regulated, cheap and usable enough.
