SBI Holdings has made a strategic investment in Fasset, a global stablecoin payment and cryptocurrency trading platform, as part of its efforts to enhance cross-border remittance services. The investment was completed in May 2026, and SBI's subsidiary, SBI Remit, has signed a memorandum of understanding with Fasset to develop next-generation international remittance infrastructure utilizing stablecoin technology.
Fasset, a digital bank with a focus on Asia, the Middle East, and Africa, offers stablecoin settlement, remittance, and investment services through its proprietary "Own Network." The platform currently operates in 125 countries and serves over 2 million users. In May, Fasset also concluded a Series B funding round, raising $51 million from investors including SBI Group, Investcorp, and Arz Portföy.
SBI Group Invests in Fasset to Enhance Stablecoin Remittance Infrastructure
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