Fasset Hits $1 Billion Valuation as SBI Group Leads $68 Million Round for Stablecoin Banking

Mon, 24 Aug 2026 00:00:00 +0000

Fasset closed a $68 million round led by Japan’s SBI Group at a $1 billion valuation, announced Monday. The gap between this round and the last one is the detail worth pausing on: the company raised $51 million in May, which puts total funding for the year at $119 million and compresses the whole journey to unicorn status into roughly three months of calendar time.

Valuations that move that fast usually signal one of two things. Either the market is repricing a category wholesale, or the company put numbers on the table that changed the conversation. In this case it looks like both.

SBI Group on Blockchaining.org

Fasset Hits $1 Billion Valuation as SBI Group Leads $68 Million Round for Stablecoin Banking