The firm raised $68 million as its revenue has grown six-fold as stablecoin payments and settlement expand, CEO Mohammad Raafi Hossain told CoinDesk.
- Fasset, a stablecoin-powered banking platform, said it has raised $68 million in led by Japan's SBI Group at a $1 billion valuation.
- CEO Mohammad Raafi Hossain told CoinDesk revenue has grown about six-fold over the past year and the company has been profitable for 12 straight months.
- The company plans to tap SBI's financial network to expand payment corridors across Japan, Asia and emerging markets.
- 1 There's an election next month: State of Crypto 38 minutes ago
- 2 Crypto poured years into new products. The next challenge is keeping users 5 hours ago
- 3 The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking 6 hours ago
- 4 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 1 day ago
- 5 Crypto job postings triple to over 1,200 in September, but applications fall 1 day ago
- 6 Cathie Wood says smart investors need to start watching where AI agents spend money 1 day ago
- 7 Crypto's Sisyphean struggle 1 day ago
- 8 BlackRock offers a glimpse of how tokenization may change your investment portfolio 1 day ago
- 9 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
- 10 BNY in talks with Kraken parent Payward over infrastructure partnership 2 days ago
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
There's an election next month: State of Crypto
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Original sourceCoinDesk
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
← Back to latest