[Fasset Secures $68 Million Funding Led by SBI Group, Valuation Reaches $1 Billion] According to CoinDesk, stablecoin neobank Fasset has secured $68 million in funding led by SBI Group, bringing its valuation to $1 billion. Fasset's annualized trading volume exceeds $40 billion, spanning 125 countries, with revenue growing approximately sixfold year-over-year. The company has been profitable for 12 consecutive months. Fasset has built a proprietary Layer 2 network, OWN, on Arbitrum, providing cross-border payment services for stablecoin settlements to institutions and individuals. It has also partnered with SBI Remit to integrate into its remittance network, which covers 200 countries.