SBI Remit and Fasset Join Forces for Stablecoin-Powered Cross-Border Payments

SBI Remit and Fasset have partnered to build a stablecoin-based remittance network. SBI Remit, Japan's international money transfer provider, has joined forces with Fasset, a digital finance platform that processes over $32 billion in annualized transaction volume.

The partnership combines SBI Remit's remittance network with Fasset's Own Network, which spans over 50 banking corridors and 16 blockchain networks. The collaboration aims to provide faster settlement, lower transfer costs, and improved transparency for remittances, business payments, and treasury operations.

SBI Holdings made a strategic investment in Fasset in May 2026, further strengthening the commercial link between the two firms. As an initial step, SBI Remit and Fasset signed a memorandum of understanding to develop next-generation international remittance infrastructure using stablecoin settlement technology.