Fasset secures $68 million from SBI Group at $1 billion valuation

Written by Brie CarterPublished Oct 8, 2026, 8:42 AM

Dubai-based digital bank Fasset has reached a $1 billion valuation following a $68 million Series C funding round led by Japan's SBI Group.

In this interview, Mohammad Raafi Hossain, Co-Founder and CEO at Fasset, outlines how the latest raise will expand its network across more than 100 banking corridors and accelerate stablecoin adoption in emerging markets.

The platform has processed over $40 billion in annualized volume across 125 countries, leveraging stablecoin settlement to deliver Shariah-compliant digital banking, multi-currency accounts, and cross-border investments for over three million users.

Cryptocurrency

a day ago

BitGo strikes strategic partnership with HashKey Cloud during TOKEN2049

Digital asset infrastructure giant BitGo Holdings (NYSE:BTGO) has partnered with HashKey Cloud to expand its institutional offerings across staking, trading, custody, and real-world asset tokenisation.

Cryptocurrency

2 months ago

TOKEN2049 Singapore returns with 25,000 attendees expected

TOKEN2049 returns to Marina Bay Sands on October 7-8, bringing together 25,000 attendees from over 7,000 companies across 160 countries.

The conference takes over all five floors of the venue, and organizers describe the result as a festival-scale environment spanning content, networking, wellness and live experiences.