LA-based Fasset, a Shariah-compliant digital bank, secured $51 million in Series B funding to expand its stablecoin-powered banking and cross-border payments services across Asia, Africa, and the Middle East.
Fasset operates at the intersection of blockchain infrastructure and traditional banking services, leveraging stablecoin rails to facilitate international payments. The funding round underscores growing investor interest in fintech platforms building financial services on blockchain foundations.
The company joins a expanding cohort of startups offering banking and payments solutions through stablecoin networks. Fasset's Shariah-compliant framework addresses regulatory and cultural requirements in its target markets, positioning it to serve populations with specific financial needs.
Stablecoin-based payments infrastructure has attracted significant capital as alternatives to traditional cross-border settlement methods. The sector continues to develop amid evolving regulatory landscapes globally, with emerging markets representing key growth areas for such services.
Morgan Stanley launched a cryptocurrency trading pilot on E*Trade with lower fees than Coinbase, Robinhood, and Charles Schwab. The firm plans a broader rollout in 2026.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.
Crypto investor Katie Haun has closed $1 billion in new venture funds, marking an expansion beyond digital assets into artificial intelligence and agentic finance.
Polymarket has partnered with blockchain analytics firm Chainalysis to deploy detection tools designed to identify insider trading patterns on its prediction market platform.