Fasset reaches a $1B AI banking valuation

Stablecoin neobank Fasset raised $68 million in a Series C led by Japan’s SBI Group at a $1 billion valuation, bringing its 2026 funding to $119 million, according to the funding report. Fasset says the capital will expand Own Network across more than 100 banking corridors and fund AI systems for stablecoin settlement, tokenization, and cross-border banking; SBI separately plans to increase its stake and jointly operate a digital bank in Malaysia. Payments builders should file the round beside the archive’s analysis of agent payment infrastructure: the next AI distribution layer may be financed through regulated settlement rails, not only model APIs.