Fasset

crypto vc

2026-09-08 03:27:09

Crypto VC funding fell to $742 million in August, with Ripple Prime and Fasset leading disclosed deals

RootData’s August 2026 tally shows a sharp pullback in publicly disclosed crypto venture activity. The market recorded 61 financing rounds during the month, down 10.3% from July’s 68 deals and 45.0% from the 111 deals posted in August 2025. Total disclosed funding came in at about $742 million, a steep 68.0% month-over-month drop from $2.321 billion in July and an 86.5% decline from $5.495 billion a year earlier. By sector, DeFi accounted for the largest share at 29.5%, followed by Web3/Others at 21.3% and CeFi at 18%. Among the largest disclosed rounds, Ripple Prime, Ripple’s non-bank prime brokerage unit, raised $275 million through an upsized private placement of senior unsecured notes. Bullish extended a $100 million debt financing facility to stablecoin protocol USD.AI. RQD* Clearing raised $74 million, while stablecoin digital bank Fasset closed a $68 million round led by SBI Group, bringing its valuation to $1 billion. Other notable deals included Yellow Card, JPYC’s issuer, Capital B, Hivemind Digital Group, Entropy.io and City Protocol.

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WuBlockchain

2026-09-03 08:40:27

August Crypto VC funding fell 68% month over month, with Ripple Prime and Fasset among the largest disclosed deals

WuBlockchain, citing RootData, reported that 61 crypto venture financing deals were publicly disclosed in August 2026, down 10.3% from 68 in July and down 45.0% from 111 a year earlier. Total disclosed funding came to about $742 million, a steep 68.0% drop from July’s $2.321 billion and an 86.5% decline from $5.495 billion in August 2025. The sector mix for the month showed DeFi at roughly 29.5%, CeFi at 18%, Web3/Others at 21.3%, AI at 9.8%, Tool/Wallet at 8.2%, and smaller shares for L1/L2, RWA/DePIN, and NFT/Game. WuBlockchain said deals without disclosed amounts were counted in project totals but excluded from dollar totals, and noted that the figures may be revised because not all financings are disclosed in the same month. Among the largest rounds, Ripple Prime completed an upsized $275 million private placement of senior unsecured notes, while stablecoin-focused digital bank Fasset raised $68 million in a round led by Japan’s SBI Group at a $1 billion valuation.

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RQD* Clearing

2026-08-29 08:09:49

Eight crypto firms disclosed $184.1 million in funding last week, led by RQD* Clearing and Fasset

Eight crypto companies disclosed a combined $184.1 million in funding last week, according to Techub News, which cited crypto.news. The largest disclosed rounds in the roundup went to RQD* Clearing and Fasset. RQD* Clearing secured a $74 million growth investment, while Fasset closed a $68 million Series C round at a $1 billion valuation. The two deals accounted for most of the total reported funding for the week. The companies also outlined how they plan to use the new capital. RQD* Clearing said it will direct the funding toward infrastructure for digital assets and tokenized securities. Fasset plans to expand its payments network and build AI financial tools. The funding activity highlighted continued investor interest in crypto infrastructure, stablecoin banking and on-chain trading, as described in the report.

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RWA

2026-08-28 09:52:10

RWA Weekly: Four Banks Move on a Global Stablecoin Alliance as Coinbase Brings Tokenized Stocks to Base

Real-world asset markets kept expanding during the Aug. 21 to Aug. 27 tracking window, with on-chain RWA market capitalization reaching $38.7 billion and total holders climbing to 2.952 million, according to the figures cited in the report. Stablecoins also grew in scale, with total market capitalization rebounding to $303.04 billion and monthly transfer volume rising 20.33% from a month earlier to $6.49 trillion, even as monthly active addresses slipped 1.24% to 52.87 million. The report described that split as a market where larger holders are rebalancing frequently while smaller users are staying on the sidelines. Regulatory developments came from three major jurisdictions. In the U.S., the Financial Accounting Standards Board proposed guidance on when some digital assets, including stablecoins, may qualify as cash equivalents under GAAP, with comments due by Nov. 19, 2026. In the U.K., the government is moving to give the Bank of England a secondary legal objective to support innovation in digital currency and payments. In Japan, regulators are preparing to ease limits on large-value stablecoin payments, potentially allowing single transactions above 1 million yen. On the corporate and product side, The Wall Street Journal reported that JPMorgan Chase, Bank of America, Wells Fargo and Santander are working toward a global stablecoin alliance. Coinbase has launched tokenized stocks natively on Base under its B20 standard, while Franklin Templeton, Bitwise, Bitfinex Securities, Revolut, Fasset and Entropy.io also posted fresh RWA and stablecoin developments.

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Fasset

2026-08-24 05:08:11

Fasset reaches $1 billion valuation and says it has raised $119 million this year

Fasset, a stablecoin-focused digital bank, said it has reached a $1 billion valuation. Including a $51 million round completed in May, the company said it has raised a total of $119 million so far this year. Co-founder and CEO Mohammad Raafi Hossain also shared operating figures for the business. According to Hossain, Fasset’s annualized transaction volume has surpassed $40 billion, and the company now operates across 125 countries. He added that revenue grew about sixfold year over year over the past 12 months. The company also said it has remained profitable for 12 straight months. Fasset did not disclose specific revenue or profit figures. The update was reported by Odaily in a 7x24 news brief.

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Fasset

2026-08-24 05:19:45

Fasset tops $1 billion valuation after $68 million SBI-led round

Stablecoin banking platform Fasset has raised $68 million in a funding round led by Japan’s SBI Group, pushing its valuation above $1 billion just three months after its previous raise. The Los Angeles-based company said the new deal brings its total fundraising this year to $119 million, following a $51 million round in May backed by Speedinvest and other strategic investors. Fasset says it runs a platform built on stablecoin-based settlement rails for both retail and institutional users, with annualized transaction volume above $40 billion across 125 countries and territories. CEO Mohammad Raafi Hossain said revenue has grown nearly sixfold over the past year and that the company has been profitable for 12 straight months, while card and bank account products are only starting to add new revenue. The company plans to use SBI’s network to expand OWN Network, its Arbitrum-based AI-enabled Ethereum Layer 2 infrastructure, into Japan, broader Asia, and emerging markets through new cross-border payment corridors.

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Tether

2026-07-23 12:45:14

Tether and Fasset Launch Gold-Backed Visa Card With Up to 6% XAUT Rewards

Tether has partnered with Fasset to roll out a gold-backed Visa card that lets users spend through Visa merchants worldwide, with XAUT conversion, up to 6% rewards, and round-up investing.

610

Tether

2026-07-23 10:20:15

Tether and Fasset Launch Gold-Backed Visa Card With 6% XAUT Cashback

Tether and Fasset unveiled the first gold-backed Visa debit card, converting XAUT to USDT and fiat at checkout. Users earn up to 6% XAUT cashback and automatic round-ups for gold accumulation.

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