SBI Remit and Fasset Partner to Build Stablecoin Remittance Network

TLDR

• SBI Remit and Fasset signed an MoU for stablecoin-based remittance infrastructure.
• Fasset’s Own Network spans over 50 banking corridors and 16 blockchain networks.
• Fasset processes about $32B in annualized transaction volume.
• SBI Remit’s cumulative transfer volume is projected to exceed 2.5T yen by May 2026.
• SBI Holdings made a strategic investment in Fasset in May 2026.

SBI Remit, Japan’s international money transfer provider under SBI Group, has partnered with Fasset to build stablecoin-powered infrastructure for cross-border payments and global money movement.

The partnership combines SBI Remit’s remittance network with Fasset’s digital finance platform, which processes about $32 billion in annualized transaction volume and serves more than two million wallets worldwide. The companies said the collaboration will focus on faster settlement, lower transfer costs, and improved transparency for remittances, business payments, and treasury operations.

SBI Holdings also made a strategic investment in Fasset in May 2026, strengthening the commercial link between the two firms. As an initial step, SBI Remit and Fasset signed a memorandum of understanding to develop next-generation international remittance infrastructure using stablecoin settlement technology.

SBI Remit Adds Stablecoin Rails to Payment Network

SBI Remit operates one of Japan’s major international remittance networks and works with money transfer and banking partners to provide payout coverage across multiple markets. Its cumulative transfer volume is projected to exceed 2.5 trillion yen by May 2026.

The partnership will connect SBI Remit’s distribution reach with Fasset’s Own Network, a proprietary infrastructure layer spanning more than 50 banking corridors and 16 blockchain networks. The network covers Asia, the Middle East, Africa, and other emerging markets where remittance demand remains high.

The companies plan to use stablecoins to support payments between individuals, businesses, and treasury operations. Stablecoin-powered rails may reduce dependence on legacy correspondent banking systems, which can create delays and higher costs for international transfers.

Nobuo Ando, representative director and chairman of SBI Remit, said demand for faster and more efficient cross-border financial services continues to grow. He said stablecoin-powered infrastructure can improve international money movement and support payment, settlement, and financial services across underserved borders and markets.

Fasset Expands Stablecoin Finance Platform

Fasset operates as a stablecoin-powered neobank and investment platform, offering banking, remittance, and investment services across Asia, the Middle East, Africa, and other regions. The company has more than two million users across 125 countries and regions.

The firm recently raised $51 million in a Series B funding round in May 2026. Investors included SBI Group, Bahrain-based Investcorp, and Turkey’s Arz Portfoy.

Fasset’s Own Network is designed to connect banking corridors, blockchain networks, wallets, and payment services. Through the SBI Remit partnership, the network will be used to support stablecoin-based settlement for remittances and related financial products.

Mohammad Raafi Hossain, chief executive and co-founder of Fasset, said global finance is moving toward AI-powered money movement. He said AI agents may increasingly help people move money, manage wealth, and access financial opportunities across fragmented markets.

Partnership Extends Beyond Remittances

The companies said the partnership will extend beyond consumer remittances into a wider set of financial products. Planned areas include stablecoin-enabled debit cards, wallet integrations, cash-to-agent services, and consumer and business payment tools.

The collaboration also covers savings, investing, and treasury operations, as well as future tools that may allow individuals and businesses to automate cross-border transfers and financial workflows. The companies said AI-powered interfaces could support families managing finances across multiple countries and businesses handling international payment operations.

The move comes as Japan continues modernizing its digital asset regulatory framework and as institutional interest in stablecoins grows. Japan has already clarified rules for stablecoins, while major financial firms have shown increasing interest in blockchain-based settlement and tokenized payment systems.

SBI Group has also been active in digital assets through SBI VC Trade and other crypto-related initiatives. The group has previously used XRP for international remittances, and its investment in Fasset adds another stablecoin-focused layer to its payment infrastructure strategy.

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