Fasset, a banking and investment platform headquartered in the United States, has raised $51 million in a Series B funding round as it expands its stablecoin-powered banking and financial infrastructure services across Asia, including Southeast Asia, and other emerging markets.

In a statement on Thursday, Fasset said it plans to expand further across Asia, Africa, and the Americas, building on operations in the UAE, Bahrain, Indonesia, Malaysia, Pakistan, Türkiye, and the United States. The funding round, which included participation from SBI Group, Arz Portföy, Investcorp, and several family offices, will support the expansion of its regulated financial infrastructure across more than 50 banking corridors, according to Fasset.

It currently holds regulatory approvals in the UAE, Indonesia, the European Union, Türkiye, Pakistan, and Malaysia. The latest funding will also support the development of additional banking licenses, compliance systems, and Own Network, the company’s proprietary infrastructure for stablecoin payments and custody across the Asia-Africa corridor.

Fasset plans to increase hiring across its retail, business, and private banking divisions, while developing new lending, SME banking, and trade finance products. The company currently processes more than $32 billion in annualized transaction volume, serving more than two million wallets across 125 countries and over 1,000 SME clients.

Growth has been driven by demand for regulated stablecoin-based financial services in markets where conventional banking infrastructure remains limited or costly, according to Fasset. The company recently partnered with Tether to launch a gold-backed neobanking card.

Fasset said it plans to expand working capital and trade financing services for SMEs by combining regulated banking frameworks with stablecoin settlement systems aimed at improving cross-border liquidity and payments efficiency.

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