Woofun AI reports that SBI Holdings finalized a strategic investment in Fasset, a global stablecoin payment and cryptocurrency trading platform, during May 2026.

Concurrently, SBI's international remittance subsidiary, SBI Remit, executed a Memorandum of Understanding with Fasset to co-develop next-generation cross-border remittance infrastructure leveraging stablecoin technology.

Fasset operates as a digital bank targeting Asian, Middle Eastern, and African markets, delivering stablecoin settlement, remittance, and investment services via its proprietary 'Own Network.' The platform currently serves over 2 million users across 125 countries and regions. In the same month, Fasset concluded a $51 million Series B financing round, attracting capital from SBI Group, Bahrain-based Investcorp, and Turkey's Arz Portföy.