SBI Remit and Fasset Partner to Build AI-Powered Global Money Movement Infrastructure
SBI Remit (SBIR), Japan’s leading international transfer arm of SBI Group, today announced a strategic partnership with Fasset, the global stablecoin-powered neobanking and investment platform, Fasset, the global stablecoin-powered neobanking and investment platform, to build the next generation of global money movement.
SBIR has processed more than JP¥2.5 trillion in cumulative transaction volume since launch, supported by a cash payout network spanning 350,000 locations across more than 200 countries and territories through partners including MoneyGram, Tranglo, and regional banking institutions. Combined with Fasset’s US$32 billion annualized transaction volume and more than two million wallets, the partnership brings together significant scale, reach, and infrastructure to power the global financial services.
The partnership will combine SBI Remit’s extensive reach with Fasset’s proprietary Own Network, which spans over 50 banking corridors across 16 blockchain networks that connects Asia, the Middle East, Africa, and other high-growth markets. Together, the companies will establish stablecoin-powered financial infrastructure that reduces settlement times, cuts costs, and brings full transparency to remittances, SME payments, and treasury operations.
As artificial intelligence and programmable money converge, Fasset and SBI Remit believe the next decade will be defined by how intelligently capital moves. Imagine a future where:
- A worker in Tokyo can instruct an AI assistant to send part of their salary home, convert a portion into local currency and automatically allocate the remainder into gold or tokenized RWA assets.
- A family can manage savings across multiple countries and currencies through natural conversation rather than navigating fragmented financial systems.
- Small businesses can automate supplier payments, treasury management and working capital flows across continents.
Beyond remittances, the partnership will extend to stablecoin-linked payment products, including stablecoin debit card programmes, digital wallet integrations, and other financial services that bridge digital asset infrastructure with everyday consumer and business use cases across sending, receiving, spending, saving and investing. This partnership will also enable cash-to-agent corridors.
Nobuo Ando, Representative Director and Chairman of SBI Remit said, “As demand for faster and more efficient cross-border financial services continues to grow, we see significant potential in stablecoin-powered infrastructure to enhance how money moves internationally. This partnership combines SBI Remit’s trusted remittance network with Fasset's proprietary Own Network, which spans more than 50 banking and payment corridors across key international markets. Together, we are creating a foundation for payment, settlement, and financial services that can better serve customers across untapped borders and markets.”
"Global finance is entering a new era, where money movement will be AI-powered" said Mohammad Raafi Hossain, CEO and Co-Founder of Fasset.
"AI agents will increasingly become economic participants, helping people move money, manage wealth and access opportunities that have historically been fragmented or unavailable. Together with SBI Remit, we are building the infrastructure layer that will make this possible."
The collaboration comes as Japan accelerates the modernization of its financial infrastructure: from landmark legislation bringing digital assets under securities-styled oversight to the country’s largest banks moving into stablecoin issuance. As institutions race to tokenize money movement, cross-border payments are still playing catch up, encumbered by high-costs, long settlement times, and fragmented banking infrastructure. Fasset and SBIR’s alliance tackles that gap directly.
On top of the initial corridors, the partnership establishes a framework for long-term cooperation across market expansion, product development, and regulatory engagement. For Fasset, it extends Own Network into one of the world’s most significant remittance-sending economies. For SBI Remit, it connects Japan’s most established remittance network to regulated digital asset rails in the markets where customer money actually goes.
About SBI Remit
SBI Remit is an international money transfer service provider and a subsidiary of SBI Group. Since its establishment in August 2010, SBI Remit has provided convenient and reliable cross-border money transfer services to customers in Japan, building a broad network with partnership banks, money transfer operators, and payment service providers in Japan and overseas that enables remittances to bank accounts, wallets and cash-pick up in more than 200 countries. Through these partnerships, SBI Remit continues to expand its service coverage, improve customer convenience, and support the financial needs of foreign residents, global workers, and other customers who send money from Japan to their home countries. Its cumulative remittance transaction volume has exceeded JPY 2.5 trillion.
About SBI Group
The SBI Group is a leading financial conglomerate based in Japan. The SBI Group's core businesses include Financial Services Business, Asset Management Business, Investment Business, Crypto asset business and Next Gen Business (new and innovative ventures that go "beyond finance"). SBI has been at the forefront of digital asset innovation in Japan and globally, establishing a robust and expansive "digital financial ecosystem." This ecosystem extends beyond traditional finance, encompassing a wide range of services, ventures and investments related to crypto-assets, blockchain, and Web3 technologies. Key digital asset related companies include SBI VC Trade, B2C2, ODX. Key investments in the ecosystem include Ripple, Digital Asset, R3, Sygnum bank among others.
About Fasset
Fasset is an American-founded banking and investment platform focused on enhancing financial inclusion in emerging markets, enabling individuals and businesses to securely invest from anywhere in the world. Founded by Mohammad Raafi Hossain and Daniel Ahmed, Fasset has raised more than $80 million in funding and holds regulatory approvals in several countries, including the UAE, Indonesia, Malaysia, the EU, Türkiye, Pakistan, and others.