SBI Remit and Fasset have partnered to build a new stablecoin-powered cross-border payment infrastructure.
International transfer provider SBI Remit has partnered with Fasset, a stablecoin-powered platform, to build a new infrastructure for conducting transactions.
The collaboration will connect Japan’s remittance network to digital asset rails across 50 banking corridors, and it directly addresses high transaction costs, long settlement times, and fragmented banking infrastructure.
The infrastructure will combine SBI Remit’s payout network with Fasset’s access to various blockchain networks across Asia, the Middle East, and Africa. The long-term framework also includes developing stablecoin-linked payment products, such as debit card programmes and digital wallet integrations.
Nobuo Ando, Representative Director and Chairman of SBI Remit, said: “Together, we are creating a foundation for payment, settlement, and financial services that can better serve customers across untapped borders and markets.”
Mohammad Raafi Hossain, CEO and Co-Founder of Fasset, added: “AI agents will increasingly become economic participants, helping people move money, manage wealth and access opportunities that have historically been fragmented or unavailable.”
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