Stablecoin neobank Fasset has successfully raised $51 million in a Series B funding round, with SBI Group, Investcorp, and Arz Portföy leading the investment. Fasset's digital banking platform leverages stablecoins and blockchain technology to offer payment, remittance, and trade finance services, primarily targeting emerging markets. The platform currently supports over 50 payment channels across Asia, Africa, and the Middle East, handling an annualized transaction volume of more than $32 billion and serving over 1,000 SMEs in 125 countries. With the new funding, Fasset aims to expand into new markets, enhance its loan and trade finance offerings, and further develop its Own Network infrastructure. This strategic move is expected to bolster Fasset's position in the digital banking sector, particularly in regions with growing demand for blockchain-based financial services.