SBI Remit Partners with Fasset to Build Stablecoin Remittance Network

SBI Remit, Japan's leading international money transfer provider under SBI Group, has partnered with Fasset to build a stablecoin remittance network. The partnership combines SBIR's proven infrastructure with Fasset's digital ecosystem, which processes US$32 billion in annualized transaction volume and serves over two million wallets worldwide.

The collaboration will focus on integrating SBI Remit's distribution reach with Fasset's Own Network, a proprietary infrastructure layer spanning over 50 banking corridors and 16 blockchain networks across Asia, the Middle East, Africa, and other emerging markets.

The companies aim to deliver stablecoin-powered payment rails designed to improve settlement speed, reduce transaction costs, and increase transparency for remittances, business payments, and treasury operations. They share a vision for an AI-powered financial future where individuals can automate cross-border transfers, investments, and savings.