Fasset reaches $1B valuation with $68M funding round led by SBI

Fasset, a Singapore-based digital asset issuance and management platform, has announced the completion of a $68 million Series B funding round, pushing the company’s valuation past $1 billion and officially joining the unicorn club. The round was led by SBI Holdings, a leading Japanese financial group, with participation from investment funds in Korea and the Middle East.

SBI Holdings: Consistent blockchain strategy

This is not SBI Holdings’ first bet on Fasset. The group participated in the 2024 Series A and continues to strengthen its commitment in this round. SBI Holdings is building a comprehensive digital asset ecosystem through SBI Digital Asset Holdings, including exchanges, digital wallets, and token issuance platforms.

SBI Holdings Chairman Yoshitaka Kitao emphasized: “Tokenized digital assets are the future of capital markets. Fasset provides the infrastructure needed to bring any asset onto the blockchain safely and in compliance with regulations.”

What problem does Fasset solve?

Fasset focuses on tokenization — the process of converting real assets (real estate, bonds, commodities) into digital tokens on blockchain. The platform addresses three key issues:

Access to capital markets: Small and medium enterprises in Southeast Asia often struggle to access funding from traditional investment funds. Fasset allows them to issue tokens representing equity or revenue, opening new fundraising channels.

Liquidity for non-standard assets: Real estate, artworks, or commodities are often difficult to trade due to their non-standard nature. Tokenization divides assets into equal parts, significantly increasing liquidity.

Automated legal compliance: Smart contracts on Fasset automatically apply KYC/AML rules and transfer restrictions according to each country’s regulations, reducing compliance costs for businesses.

Impact on Japanese and Vietnamese markets

SBI Holdings’ participation shows that Japanese financial conglomerates are serious about blockchain. Japan enacted a legal framework for security tokens in 2025, facilitating the issuance and trading of tokenized assets.

For Vietnam, Fasset’s model can be applied to:

• Real estate tokenization: Dividing large real estate projects into tokens so small investors can participate
• Corporate bonds: Issuing bonds as tokens, reducing intermediary costs and increasing liquidity
• Supply chain financing: Tokenizing invoices and import-export contracts to accelerate cash flow

New unicorn in digital assets

Fasset joins the unicorn club alongside other notable names like Chainalysis (valued at $8.6 billion), Fireblocks ($8 billion), and Circle ($9 billion). Total investment in the digital assets sector in 2026 has exceeded $30 billion, showing strong recovery after the 2022-2023 crypto winter.

Fasset’s differentiation from other unicorns is its focus on emerging markets (Southeast Asia, Middle East, Africa) rather than serving only developed markets. This strategy aligns with the trend of shifting investment capital to high-growth markets.

Challenges ahead

Despite reaching a $1 billion valuation, Fasset still faces many challenges:

• Fragmented regulations: Each country has different rules on tokenization, making cross-border expansion difficult
• Market education: Many businesses and investors still don’t fully understand the benefits of tokenized assets
• Competition from TradFi: Major banks like JPMorgan and Goldman Sachs are also building their own tokenization platforms

With backing from SBI Holdings and a network of partners across Asia, Fasset is well-positioned to lead the tokenization market in the region in the coming years.

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Source: Fasset hits $1bn valuation with SBI-led $68m round — FinTech Global News, September 2026