Fasset Completes $68 Million Financing Led by SBI Group
By: www.coindesk.com|2026/08/24 05:26:00
0
Share
Prefer us on GoogleStablecoin digital bank Fasset has completed a $68 million financing round led by Japan's SBI Group, bringing the company's valuation to $1 billion. This financing follows a $51 million round completed in May, making Fasset's total funding for the year reach $119 million. Headquartered in Los Angeles, Fasset operates a financial platform that allows consumers and businesses to hold, send, spend, and invest in various currencies and assets, using stablecoins as part of its settlement infrastructure. The company operates in 125 countries with an annual transaction volume exceeding $40 billion. CEO Mohammad Raafi Hossain stated that the company's business has experienced rapid expansion over the past year, with revenue growing approximately sixfold year-on-year, and it has been profitable for 12 consecutive months. Fasset has not disclosed its revenue or profit figures.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Top 20 Cryptocurrencies: New Market Leaders and the Battle for Infrastructure
The top 20 cryptocurrencies by mid-2026 illustrate how rapidly the digital asset market is changing: Bitcoin retains its role as the main reserve, Ethereum remains the foundational infrastructure for applications, while stablecoins, payment networks, and exchange ecosystems increasingly influence th...
Exchange for New Crypto Listings: Where Coins Appear Faster, How Much It Costs to Enter, and How to Read Risk Labels
If you need an exchange for new crypto listings, the main task is not just to find the fastest platform, but to understand where early access combines with clear fees, public risk rules, and a real opportunity to exit a position. For active traders outside the US and the UK, MEXC stands out the most...
$2.6 Billion ETF Inflow: A Different Story from Direct Usage
From August 17 to 21, a total of $2.6104 billion flowed into U.S. spot Bitcoin (BTC) and Ethereum (ETH) ETFs. While funds are returning, it is difficult to say that the number of users directly using wallets on-chain has returned at the same pace.
Goldman Sachs Bullish on Changxin: Will Doubling Production in Four Years Cover Half of China's DRAM Demand?
Is the Cat Season Continuing? Reasons Behind the Birth of Numerous Meme Coins Over the Weekend and Future Prediction Guide
Check the latest trends of CAT tokens! Among 72 new pools opened in less than 60 hours, 40 share the same name. Check the details now and seize the opportunity!
Wall Street Morning Briefing: Iran Sanctions Details to be Announced Tonight, Nvidia Server Prices Expected to Rise, Tesla Surges Over 5% Leading the Seven Giants
Bitcoin at $100,000? Standard Chartered Already Aims for $126,000
Standard Chartered believes its target of $100,000 for Bitcoin by the end of 2026 may be too low. Polymarket still assigns only about a quarter chance to this threshold.
BTC and ETH spot ETFs inflows of $2.62 billion over the week.| WEEX TradFi Daily (August 24, 2026)
Global markets consolidated over the weekend. SanDisk benefited from strong AI data-center demand, long-term customer contracts, and improving expectations for the storage supply-demand balance. SpaceX-related names also performed well. Precious metals held near elevated levels, while Bitcoin moved toward $75,000 and continued to support crypto-financial stocks. Markets are now focused on Pinduoduo’s earnings and the impact of future rate expectations on technology and small-cap valuations.
Scandal with State Bank: Zelensky Comments on Possible Dismissal of NBU Head Pyshny
Phantom ends Sui support on Sept. 24
Chinese-made Model 3 and Y: Tesla's FSD Expansion Faces Caution from Ministry of Land, Infrastructure and Transport
Tesla's ($TSLA) Full Self Driving (FSD) expansion in South Korea is struggling to gain momentum in the face of Chinese-made vehicles. While some American-made vehicles are already utilizing the feature, the application of the Shanghai-produced Model 3 and Model Y is still subject to regulatory judgm...
Cryptocurrency Collateral: Bitget Introduces rToken Guide for Institutional Investors
Bitget has released a guide for institutional clients on how to use cryptocurrency collateral alongside tokenized stocks within a unified margin framework. The focus is on rToken tokens, which allow cryptocurrencies, American company stocks, and borrowed funds to operate within a single strategy wit...
Warning: IRS Alerts Users of Cryptocurrency Phishing Scams Involving Fake QR Codes and Emails
U.S. Treasuries, Yen, and Trade Risks Intertwined: Global Financial Conditions Face New Challenges
Financing Weekly | Stripe Acquires AI Company OpenRouter for Over $7 Billion; AI Chip Company Etched Raises $700 Million
Laser Digital, Funded by Nomura Securities, Enters Japan | Obtains Approval for Cryptocurrency Trading After Four Years
Scott Bessent to the Rescue of the Bond Market: Will He Succeed or Be Overpowered?
After the failure of the agreement with Iran and the rise in oil prices, the Treasury Secretary rushes to contain the nervousness of long bonds with debt buybacks.
Three Attacks in Four Days: As the Market Rises, Hackers Get Busier
AI Infrastructure Faces Political Backlash｜Rewire News Briefing
ETFs for Altcoins: Which Funds Are Attracting Capital and Who Is Outpacing Bitcoin
ETFs for altcoins are gradually becoming a noticeable part of the cryptocurrency market in the United States: while Bitcoin and Ethereum funds have not shown a consistent direction in capital flows in recent months, individual products on XRP, Solana, Hyperliquid, and Chainlink appear to be much str...
Chilean company reported unrecognized transfers: investigation into nearly S/4 million movement to personal accounts in Lima
Cryptocurrency Market on July 28: Hong Kong Banks Prepare for Quantum Risks, X Money Receives Infrastructure, and XAUt Passes Sharia Certification
The cryptocurrency market started on July 28 without confident growth: Bitcoin and Ethereum fell into the red, while the agenda included the quantum security of Hong Kong banks, the launch of banking infrastructure for X Money, and the recognition of the gold token XAUt from Tether as compliant with...
The Bull Has Arrived, but the People Are Gone: Four Population Migrations in the Crypto World by 2026
Emerging Market Arbitrage Trades Outperform Everything for Seven Consecutive Quarters
BitGo Korea Obtains VASP Registration in South Korea Ahead of Regulatory Tightening for Institutional Investors
Hugging Face is Up for Sale: After Tripling Its Valuation in Three Years, What Made It Valuable Is Becoming Sensitive
CME Resumes Individual Stock Futures, Reclaims Trading Entry
Tungsten Supply Crisis Behind the AI Boom: Two Japanese WF₆ Producers Halt Production, Supply Chain Crisis Intensifies
BlackRock Analysis: BTC Allocation of 1-2% Increases Sharpe Ratio to 0.96
BlackRock's analysis indicates that the long-term investment rationale for Bitcoin (BTC) remains intact even after recent adjustments. Concerns over government debt, expanding fiscal deficits, and declining purchasing power of fiat currencies are said to highlight BTC's fixed supply structure.
Cryptocurrency Mining in Kazakhstan: How Rules, Market, and Energy Policy Have Changed
Cryptocurrency mining in Kazakhstan has evolved over the years from a rapidly growing industry with cheap electricity to a heavily regulated market where licensing, access to energy, transparent accounting of digital assets, and state participation in the formation of a crypto reserve are crucial.
Top 20 Cryptocurrencies: New Market Leaders and the Battle for Infrastructure
The top 20 cryptocurrencies by mid-2026 illustrate how rapidly the digital asset market is changing: Bitcoin retains its role as the main reserve, Ethereum remains the foundational infrastructure for applications, while stablecoins, payment networks, and exchange ecosystems increasingly influence th...
Exchange for New Crypto Listings: Where Coins Appear Faster, How Much It Costs to Enter, and How to Read Risk Labels
If you need an exchange for new crypto listings, the main task is not just to find the fastest platform, but to understand where early access combines with clear fees, public risk rules, and a real opportunity to exit a position. For active traders outside the US and the UK, MEXC stands out the most...
$2.6 Billion ETF Inflow: A Different Story from Direct Usage
From August 17 to 21, a total of $2.6104 billion flowed into U.S. spot Bitcoin (BTC) and Ethereum (ETH) ETFs. While funds are returning, it is difficult to say that the number of users directly using wallets on-chain has returned at the same pace.
Goldman Sachs Bullish on Changxin: Will Doubling Production in Four Years Cover Half of China's DRAM Demand?
Is the Cat Season Continuing? Reasons Behind the Birth of Numerous Meme Coins Over the Weekend and Future Prediction Guide
Check the latest trends of CAT tokens! Among 72 new pools opened in less than 60 hours, 40 share the same name. Check the details now and seize the opportunity!
Wall Street Morning Briefing: Iran Sanctions Details to be Announced Tonight, Nvidia Server Prices Expected to Rise, Tesla Surges Over 5% Leading the Seven Giants
...
Latest articles
08/24/2026
Latest coin listings on WEEX
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
