Fasset
Stablecoin-powered Shariah-compliant neobank for emerging markets
About
Fasset is a stablecoin-powered digital bank built to Shariah-compliant standards, routing payments and savings through stablecoin rails instead of correspondent banking. It targets Muslim-majority populations across Southeast Asia, South Asia and the Middle East, processing over $32B in annualized transaction volume across 125 countries. It has partnered with Tether on a gold-backed neobanking card tied to tokenized assets.
Key products
- Founded
- 2019
- HQ
- Los Angeles, USA
- Stage
- Series B
- Funding
- $51M Series B (SBI Group, Investcorp, Arz Portfoy, 2026)
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