Key HighlightsFasset secured $68 million in funding spearheaded by Japan’s SBI Group, achieving a $1 billion valuationThe platform handles more than $40 billion in annual transaction volume spanning 125 nationsYear-over-year revenue jumped six times while maintaining profitability for a full yearOperations run on OWN Network, a custom Ethereum Layer 2 infrastructure powered by ArbitrumStrategic alliance with SBI Remit provides access to approximately 470,000 payout points in nearly 200 countriesA Los Angeles-headquartered stablecoin banking solution, Fasset, has achieved unicorn status at a $1 billion valuation following the completion of a $68 million investment round headed by Japan’s SBI Group.Fasset has entered the global fintech unicorn category.Less than four months after our Series B, we have raised a further $68 million in Series C funding, led by SBI Group. This brings Fasset’s total funding in 2026 to $119 million.The investment will expand Own Network and… pic.twitter.com/8c0IXNHOhi— Fasset (@fasset_official) August 24, 2026This latest capital injection follows a $51 million fundraise in May, pushing Fasset’s total 2026 funding haul to $119 million.Stablecoin Infrastructure Fuels ExpansionThe platform enables both individual users and enterprises to manage, transfer, utilize, and invest across multiple currencies and digital assets. Behind the user interface, stablecoins serve as the backbone for settlements, operating seamlessly even when end-users aren’t directly interacting with crypto.Chief Executive Mohammad Raafi Hossain reports approximately six-fold revenue expansion compared to last year. The firm has maintained profitability throughout the past 12 months, although specific financial metrics remain undisclosed.Primary revenue sources include institutional and consumer-facing operations, encompassing stablecoin-based payments and settlement services. Additional income streams are emerging from card products and banking account offerings.With operations in 125 countries, the platform manages over $40 billion in yearly transaction throughput.The company operates on OWN Network, a proprietary AI-enhanced Ethereum Layer 2 solution constructed on Arbitrum technology. This infrastructure connects financial institutions, telecommunications providers, payment processors, and liquidity sources across more than 100 banking channels.Users may engage with stablecoins at various touchpoints throughout the platform, transitioning between traditional banking services, payment solutions, or alternative assets while stablecoins manage the underlying settlement processes.Strategic SBI Alliance Broadens Market AccessThe partnership with SBI Group strengthens Fasset’s connection to a prominent Japanese financial ecosystem. SBI maintains an extensive history in digital assets, having backed companies including Ripple, Circle, and decentralized finance platform Morpho. The conglomerate also controls cryptocurrency liquidity specialist B2C2.Fasset currently collaborates with SBI Remit, which operates a distribution network covering approximately 470,000 payout locations plus bank account transfers reaching about 200 nations.Both organizations intend to establish additional payment channels throughout Japan, Asia, and developing economies, though particular products or corridors haven’t been disclosed.Fasset maintains regulatory licenses in the UAE, European Union, and select Asian jurisdictions. The platform’s Shariah compliance provides a competitive advantage in Middle Eastern and Southeast Asian territories.Through a collaboration with Tether, the company provides a gold-backed Visa card product. Cardholders can spend stablecoins like USDT while accumulating rewards in Tether’s gold-backed token, XAUt.Proceeds from this funding round will support OWN Network expansion, development of lending and trade finance capabilities, and advancement of Fasset’s artificial intelligence systems that optimize transaction routing based on expense, velocity, and accessibility factors.While Fasset and SBI haven’t announced particular corridors or collaborative offerings, both parties emphasize plans to integrate Fasset’s technological foundation with SBI’s regulatory capabilities and financial network.The post Fasset Secures Unicorn Status With $68M SBI Investment in Stablecoin Banking appeared first on Blockonomi.