Stablecoin-powered neobank Fasset raises $51M to expand Shariah-compliant banking and crypto payments services across emerging markets

Coindesk •

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$7B annualized volume and 2M users across 125 countries puts Fasset closer to a stablecoin remittance/acquiring stack than a CT-facing RWA app. The underpriced angle is the Shariah wrapper: Malaysia sandbox approval, Ajman Bank tokenized-asset work, and Tether’s XAUt/Visa card all route trust into the same rails. Execution risk is off-ramp density and licensing fragmentation, because the chain leg is the easy part now.

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Stablecoin-powered neobank Fasset raises $51M to expand Shariah-compliant banking and crypto payments services across emerging markets

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Stablecoin-powered neobank Fasset raises $51M to expand Shariah-compliant banking and crypto payments services across emerging markets

More on raises

Variant raises $222M fund to back crypto rails and agentic apps under new autonomy thesis

Vegas memecoin raises new funding to expand licensed IP, original content, and esports-style tournaments for its growing community

Picogrid raises $45M Series A to build the open integration layer for modern defense.

Crypto treasury firms pivot to dilutive preferreds and PIPEs as falling prices choke off easy ATM raises

Squid raises $6M to expand consumer product offering on cross-chain infrastructure.

Cycles raises $6.4M for crypto clearing, but bank-style systems face regulatory hurdles

Variant raises $222M fund to back crypto rails and agentic apps under new autonomy thesis

Vegas memecoin raises new funding to expand licensed IP, original content, and esports-style tournaments for its growing community

Picogrid raises $45M Series A to build the open integration layer for modern defense.

Crypto treasury firms pivot to dilutive preferreds and PIPEs as falling prices choke off easy ATM raises

Squid raises $6M to expand consumer product offering on cross-chain infrastructure.

Cycles raises $6.4M for crypto clearing, but bank-style systems face regulatory hurdles

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