SBI Fasset investment lifted the UAE-based firm’s valuation to $1 billion, as SBI Holdings added to the stake it first took in May 2026.
SBI Holdings said the new deal builds on its earlier strategic investment in Fasset. The company said the valuation came from the share acquisition price in the latest transaction. Meanwhile, SBI said the added investment will tighten capital ties with Fasset and support closer business work.
The move follows a memorandum of understanding between Fasset and SBI Remit, SBI’s international remittance unit. That agreement aims to build next generation remittance infrastructure. In addition, SBI said it plans more share purchases to make Fasset an equity method affiliate.
SBI Fasset Investment Expands Partnership Plans
SBI also said the two sides plan to jointly run a digital bank in Malaysia. They also plan to distribute tokens issued by Fasset. Therefore, the latest deal goes beyond a simple capital increase and adds to a wider business link between the companies.
Fasset runs Own Network, a settlement system that connects 16 blockchain networks and more than 100 banking corridors. The company said the network serves more than 3 million wallets in 125 countries. Notably, its main markets are in Asia, the Middle East and Africa.
Executives Outline Cross-Border Finance Goals
Yoshitaka Kitao said Fasset’s mission matches SBI’s goal of building an on-chain economic zone. He described Fasset as a financial bridge between Japan and high growth markets. Meanwhile, Mohammad Raafi Hossain said the partnership shows a shared view that finance should deliver real value to underserved communities.
Hossain added that Fasset built its business to address gaps in financial access linked to geography. SBI said the deal forms part of its long term growth strategy in emerging markets through digital asset infrastructure.
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Source: LeapRate
