SBI Remit, Fasset Team Up for Stablecoin Remittance Rails

Nobuo Ando, Representative Director and Chairman of SBI Remit, called the deal a “foundation for payment, settlement and financial services that can better serve customers across untapped borders and markets.” The partnership includes a longer-term vision for AI-powered transfers, where families and businesses automate cross-border money movement through conversational interfaces.

Japan has leaned into digital-asset regulation in recent years, and the demand for faster cross-border money movement is a persistent pain point in legacy systems. This deal gives Fasset a toehold in one of the world's largest remittance corridors – Japan-to-Asia – while SBIR gains access to regulated stablecoin infrastructure in destination markets where it wants deeper payout coverage.

Mohammad Raafi Hossain, Fasset's CEO and Co-Founder, said AI agents “will increasingly become economic participants” and that the partnership is building “the infrastructure layer that will make this possible.”