One funding round, one giant leap into the billion-dollar club. Fasset has closed a $68 million Series C round at a post-money valuation of $1 billion, officially earning unicorn status, with Japanese financial group SBI Group leading the round.
According to public information, the funds will go toward expanding Fasset's cross-border stablecoin infrastructure. Specific details on the technical architecture, target markets, or fund allocation have yet to be disclosed.
SBI Group has long been an active player in blockchain and digital assets, and its decision to lead this round has pushed Fasset's valuation and profile up a notch in one go.
