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# SBI Holdings Boosts Stake in Fasset, Raising UAE Crypto Firm’s Valuation to USD 1bn
- URL: https://www.fintechobserver.com/sbi-holdings-boosts-stake-in-fasset-raising-uae-crypto-firms-valuation-to-usd-1bn/
- Published: 2026-08-25T01:10:21.000Z
- Updated: 2026-08-25T01:10:21.000Z
- Author: Norbert Gehrke
- Tags: venture capital, corporate venture capital, cryptocurrency exchange, UAE, japan, malaysia

Japanese financial services conglomerate SBI Holdings has announced a follow-on strategic investment in UAE-based digital asset platform Fasset. The transaction assigns Fasset an enterprise valuation of $1 billion, following SBI’s initial stake purchase in May 2026.

Upon completion of Fasset's ongoing Series C funding round, SBI plans to exercise warrants to make Fasset an equity-method affiliate.

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- **Infrastructure Expansion**: SBI Remit, an international money transfer subsidiary, has executed a memorandum of understanding with Fasset to build a next-generation cross-border remittance architecture.
- **Global Footprint**: Fasset operates its proprietary "Own Network" settlement system across 16 blockchain networks and over 100 banking corridors, servicing more than 3 million wallets across 125 countries and regions—primarily in Asia, the Middle East, and Africa.
- **Joint Initiatives**: SBI and Fasset plan to jointly operate a digital bank in Malaysia and co-distribute digital tokens issued by Fasset.

SBI Holdings Chairman and CEO Yoshitaka Kitao underscored that the partnership accelerates the company’s "SBI APAC Digital Economy Concept" by building stablecoin-based cross-border remittance rails across emerging markets.

Fasset CEO Mohammad Raafi Hossain noted that SBI leading the funding round strengthens the firm's strategic and organizational foundation as it scales financial inclusion in underbanked regions.

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[SBI Digital Practice and Nodeinfra Partner to Launch Cross-Border Stablecoin Payment Network Connecting Japan and South KoreaJapanese financial powerhouse SBI Group, through its Canton Network-focused entity SBI Digital Practice (SBIDP), has signed a Memorandum of Understanding with South Korean digital asset software provider Nodeinfra to build a stablecoin-based cross-border payment network. Dubbed Project Musubi, the joint initiative aims to overhaul traditional foreign exchange![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/icon/Newsletter-Small-b9885646-c4e2-46e1-96d2-3a58b2447e6e.png)Japan FinTech ObserverNorbert Gehrke![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/thumbnail/SBI-Node-Infra-0bcd74c8-6447-484e-9a0e-40ed4dd7268b.png)](https://www.fintechobserver.com/sbi-digital-practice-and-nodeinfra-partner-to-launch-cross-border-stablecoin-payment-network-connecting-japan-and-south-korea/)