Investcorp
Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management.
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SBI Group makes strategic investment in stablecoin platform Fasset; subsidiary SBI Remit signs MoU to jointly build next-generation international remittance infrastructure
According to CoinPost, SBI Holdings completed a strategic investment in Fasset—a global stablecoin payment and cryptocurrency trading platform—in May 2026, and announced that its international money transfer subsidiary, SBI Remit, had signed a memorandum of understanding (MoU) with Fasset to jointly build next-generation cross-border remittance infrastructure based on stablecoin technology. Fasset is a digital bank focused on Asia, the Middle East, and Africa, offering stablecoin settlement, remittance, and investment services via its proprietary payment network, “Own Network.” It currently serves 125 countries and regions and has over 2 million users. In the same month, Fasset closed its Series B funding round of $51 million, with investors including the SBI Group, Bahrain-based asset management firm Investcorp, and Turkey’s Arz Portföy.
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Fasset, the new stablecoin bank, closes $51 million Series B funding round
According to CoinDesk, Fasset, a Los Angeles-based stablecoin-powered digital bank, has announced the completion of a $51 million Series B funding round. Investors include Japan’s SBI Group, Investcorp, and Turkish asset management firm Arz Portföy. The valuation for this round was not disclosed. Fasset leverages stablecoin technology to power over 50 payment corridors across Asia, Africa, and the Middle East, serving more than 1,000 SMEs in over 125 countries, with an annualized transaction volume exceeding $32 billion. The company plans to use the new funds to expand into new markets, develop lending and trade finance products, and scale its proprietary stablecoin payment and custody infrastructure—“Own Network.” Additionally, Fasset recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital banking card.
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