Fasset Hits $1B Valuation as SBI Leads $68M Round
Three months after a $51M raise, the LA-based stablecoin neobank lands unicorn status with SBI's Ripple, Circle and Morpho ties opening payment rails across Japan, Asia and emerging markets.
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Three months after a $51M raise, the LA-based stablecoin neobank lands unicorn status with SBI's Ripple, Circle and Morpho ties opening payment rails across Japan, Asia and emerging markets.
B2C2's reported $1B+ ask is the headline, but the stalled talks are the real read: a top-tier institutional liquidity book is hard to price when trading volumes are weak and M&A comps in the sector…
The Japanese securities group is buying its way into Singapore, Japan and on-chain yen settlement at once, the first full-stack vertical a major Asian financial group has tried to build.
The Japanese financial group's Singapore subsidiary clears a full MAS review, folding Coinhako into a regional crypto footprint that already spans Japan, Vietnam, and the Middle East.
SBI now owns the parent of one of Singapore's regulated retail crypto venues, folding a MAS-licensed exchange into a group that already runs a domestic crypto trading unit in Japan.
The Japanese asset manager has folded the Solana Foundation into its SBI Solana Global venture alongside Sumitomo Mitsui, a structural vote of confidence in SOL as Asia's RWA and stablecoin rail.
JPYSC, tokenized RWAs and cross-border settlement land on Solana through a renamed SBI R3 Japan vehicle, putting a top-30 Japanese financial group behind the L1's institutional push.
Japan's SBI, Sumitomo Mitsui Financial Group, and the Solana Foundation are pooling under a renamed SBI Solana Global to push JPY stablecoins, tokenized RWAs, and institutional onchain services into…
The partnership targets regulated on-chain financial markets in Japan, giving SBI's regulated distribution rails a Solana-based settlement layer from one of Asia's largest financial groups.
The 3% yield is the signal: SBI is pricing JPYSC lending above JPY bank-deposit rates to pull capital into a yield-bearing stablecoin use case that targets Japanese retail.
Japan's SBI keeps backing tokenisation, DeFi, and crypto-native infrastructure at a time when Western peers are pulling back, reinforcing Tokyo's bid to anchor Asia's regulated digital-asset corridor.
A single-investor round of that size from a Japanese financial conglomerate signals that institutional DeFi infrastructure is being built, not just speculated on.
The lead investor is one of Japan's most active crypto builders, and EDX is pairing the fresh capital with a U.S. national trust bank charter bid and a push into crypto-as-a-service.
The Japanese financial group's exit pulls roughly 2% of network hashrate off the table with a month to migrate, layering fresh pool-concentration risk onto a sector already squeezed on margins.
SBI's JPYSC is the first trust-type yen stablecoin under the FSA's 2023 framework, and it lands the same week Korea, the Philippines, and Russia each moved on stablecoin rails.
Tokyo's SBI is doubling into domestic crypto infrastructure ahead of a reclassification that pulls tokens under the Financial Instruments and Exchange Act, betting consolidation happens before rules…
The deal vaults SBI past every rival in Japan's regulated crypto market on a single stroke, putting roughly $6.2B in customer assets behind one balance sheet.
SBI already runs a domestic crypto arm and backs several tokenised-asset initiatives, so taking Bitbank fully in-house consolidates a regulated retail venue under a balance sheet that regulators…
Japan runs one of the world's strictest stablecoin regimes, so clearing a foreign-issued dollar token for both institutional and retail use is a credential the rest of Asia will read closely.
Japan is the first major Asian market for Ripple's dollar stablecoin, and SBI VC Trade is the only on-ramp. Distribution is the gate now, not the approval.