--- title: "SBI Remit, Fasset Launch Powerful Stablecoin Payment Network" date: 2026-06-18 author: "Kelvin Scott" featured_image: "https://coinlaw.io/wp-content/uploads/2026/06/sbi-remit-fasset-partnership-cross-border-stablecoin-payments.jpg" categories: - name: "Payments" url: "/payments.md" tags: - name: "News" url: "/tag/news.md" --- # SBI Remit, Fasset Launch Powerful Stablecoin Payment Network SBI Remit and Fasset have partnered to build a stablecoin powered payment infrastructure aimed at making cross-border money transfers faster, cheaper, and more transparent across global markets. ## Key Takeaways - SBI Remit and Fasset have partnered to develop a stablecoin powered infrastructure for international payments and settlements. - The collaboration combines SBI Remit’s JP¥2.5 trillion remittance network with Fasset’s blockchain based payment ecosystem. - The companies plan to expand into stablecoin wallets, debit cards, treasury services, and AI powered financial tools. - The partnership follows SBI Holdings’ strategic investment in Fasset and comes as Japan increases its focus on digital assets and stablecoins. ## What Happened? SBI Remit, the international money transfer arm of **SBI Group**, has entered a strategic partnership with global digital asset platform **Fasset** to create a next generation stablecoin powered payment network. The initiative aims to improve how money moves across borders by reducing costs, shortening settlement times, and increasing transparency for consumers and businesses. The announcement comes shortly after SBI Holdings completed a strategic investment in Fasset and signed a memorandum of understanding to jointly develop infrastructure built around stablecoin technology. > SBI Remit and [@fasset](https://x.com/fasset?ref_src=twsrc%5Etfw) are building the future of cross border payments. > > The partners will use stablecoin infrastructure to deliver faster settlements, lower costs, and greater transparency for remittances and business payments worldwide.[\#Stablecoins](https://x.com/hashtag/Stablecoins?src=hash&ref_src=twsrc%5Etfw) [\#Crypto](https://x.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw) [\#Fintech](https://x.com/hashtag/Fintech?src=hash&ref_src=twsrc%5Etfw) [pic.twitter.com/vxceIRqsak](https://t.co/vxceIRqsak) > > — CoinLaw (@coinlaw\_io) [June 18, 2026](https://x.com/coinlaw_io/status/2067582438147297351?ref_src=twsrc%5Etfw) ## SBI Remit and Fasset Join Forces The partnership brings together SBI Remit’s extensive remittance network and Fasset’s blockchain powered financial infrastructure. Since its launch, SBI Remit has processed more than **JP¥2.5 trillion** in cumulative transactions and provides payout services across more than **200 countries and territories** through a network that includes banks, payment providers, MoneyGram, and Tranglo. Fasset, meanwhile, operates a stablecoin powered [neobank](https://coinlaw.io/neobank-industry-statistics/) and investment platform focused on Asia, the Middle East, and Africa. The company says its platform supports more than **two million users and wallets** while processing approximately **$32 billion in annualized transaction volume**. At the center of the collaboration is Fasset’s **Own Network**, a proprietary infrastructure layer connecting more than **50 banking and payment corridors** across **16 blockchain networks**. The network spans multiple emerging markets and is designed to support efficient digital value transfers. ## Focus on Payments, Settlements, and Treasury Operations Initially, the partnership will focus on key financial services including **[cross-border remittances](https://coinlaw.io/cross-border-payments-industry-statistics/), business payments, treasury management, and settlement operations**. The companies believe stablecoin based payment rails can significantly improve efficiency compared with traditional banking infrastructure, which often involves multiple intermediaries, higher costs, and slower settlement times. **Nobuo Ando**, Representative Director and Chairman of SBI Remit, said: “ This partnership combines SBI Remit’s trusted remittance network with Fasset’s proprietary Own Network, which spans more than 50 banking and payment corridors across key international markets. Together, we are creating a foundation for payment, settlement, and financial services that can better serve customers across untapped borders and markets. Nobuo AndoRepresentative Director and Chairman – SBI Remit Beyond remittances, the companies also plan to introduce additional services such as **stablecoin enabled debit cards, digital wallets, cash to agent payment solutions, and consumer and business financial products**. ## AI Driven Finance Emerges as a Key Goal A major theme of the partnership is the growing role of artificial intelligence in financial services. SBI Remit and Fasset envision a future where AI assistants can automate salary transfers, manage savings and investments, handle currency allocations, and simplify financial management for families and businesses operating across multiple countries. **Mohammad Raafi Hossain**, CEO and Co-Founder of Fasset, stated: “ Global finance is entering a new era, where money movement will be AI-powered. AI agents will increasingly become economic participants, helping people move money, manage wealth and access opportunities that have historically been fragmented or unavailable. Together with SBI Remit, we are building the infrastructure layer that will make this possible. Mohammad Raafi HossainCEO and Co-Founder – Fasset The companies believe such tools could eventually streamline everything from household budgeting to global treasury operations. ## SBI Deepens Its Stablecoin Strategy The partnership also highlights SBI Group’s growing commitment to digital assets and stablecoins. In May 2026, [SBI Holdings](https://coinlaw.io/sbi-holdings-statistics/) participated in Fasset’s **$51 million Series B funding round**, alongside Bahrain based asset manager Investcorp and Turkish investment firm **Arz Portföy**. SBI has also expanded its stablecoin initiatives through [SBI VC Trade](https://coinlaw.io/sbi-shinsei-bitcoin-rewards-for-savers/), including USDC related services and other digital asset offerings. The group continues to explore new opportunities in crypto investment products, exchanges, and tokenized financial services as Japan advances its digital asset framework. The latest move reflects increasing institutional interest in stablecoins as financial firms seek alternatives to traditional cross-border payment systems. ## CoinLaw’s Takeaway I believe this partnership represents a significant step toward bringing stablecoins into mainstream financial infrastructure. In my experience, the biggest challenge in international payments has always been the combination of high fees, slow settlement times, and fragmented systems. By combining SBI Remit’s established remittance reach with Fasset’s blockchain technology, both companies are positioning themselves to capitalize on the growing demand for faster and more efficient global payments. I also found the focus on AI driven financial services particularly noteworthy, as it points to a future where money movement could become far more automated and accessible than it is today.