SBI Holdings makes strategic investment in Fasset in May 2026

The partnership’s first step is an MoU between SBI Remit and Fasset to build stablecoin-based cross-border payment and financial services infrastructure.

Summary

SBI Holdings said on the 18th that it made a strategic investment in Fasset in May 2026, marking the start of a broader partnership with the digital asset platform. The first step is a memorandum of understanding between SBI Remit and Fasset to develop stablecoin-based infrastructure for cross-border payments and other financial services, combining SBI Remit’s international remittance network with Fasset’s blockchain-powered capabilities.

Terms & Concepts
  • stablecoin-based infrastructure: Payment and financial systems built around digital tokens designed to maintain a stable value
  • memorandum of understanding: A non-binding agreement that sets out plans for cooperation between parties
  • cross-border payments: Transfers of money between people, businesses, or institutions in different countries