# Digital bank Fasset raised $51 million to expand its stablecoin-powered banking platform.

*fintech · news · 2026-05-14 · CoinDesk*

## Key points

- Fasset raised $51 million in Series B funding to expand its stablecoin-powered banking platform.
- Fasset operates across 50+ corridors in Asia, Africa, and the Middle East using stablecoins for remittances.
- The funding will support development of new lending and trade finance products for small businesses.
- Fasset now processes $32 billion annually and serves over 1,000 small and medium-sized businesses.
- Fasset partnered with Tether to launch a gold-backed neobanking card tied to tokenized assets.

**Companies:** SBI Group, Investcorp, Arz Portföy, Fasset, Slash
**Countries:** United States, Japan, Turkey

[Read the full story on CoinDesk](https://www.coindesk.com/business/2026/05/14/stablecoin-powered-neobank-fasset-raises-usd51-million-to-expand-across-emerging-markets)

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