SBI Remit (SBIR), Japan’s leading international transfer arm of SBI Group, announced a strategic partnership with 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 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.