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Archive · August 25, 2026

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Story 01

Fasset Hits Unicorn Status With $68M Raise to Expand Stablecoin Infrastructure

Fasset secured $68 million in Series C funding led by SBI Group, pushing its valuation past $1 billion and fueling expansion of its cross-border stablecoin infrastructure. By aggressively partnering with banks and fintechs seeking stablecoin integration, Fasset is intensifying competition with established digital asset providers. The funding highlights growing institutional demand for stablecoin rails in global payments as regulatory scrutiny mounts.

Source: The Block
Also Worth Knowing
№02

Brazil’s Itaú Gains OCC Approval for US Bank Charter, Targets Affluent Clients

Itaú Unibanco received conditional OCC approval for a US bank charter, planning to serve high-net-worth clients with deposit accounts, mortgages, and credit cards from a Miami branch. This entry brings new competition to US banks targeting affluent customers, while opening cross-border financial flows between Latin America and the US. Other Latin American banks may follow Itaú’s lead as regulatory pathways open.

Source: Banking Dive
№03

India to Tokenize Corporate Bond Market for Instant Settlement and Efficiency

India is preparing to implement tokenization in its corporate bond market, aiming for instant settlement and greater market efficiency. Asset managers and institutional investors stand to benefit from faster settlement cycles and reduced counterparty risk, while regulators seek to attract new capital and modernize market infrastructure. Success in India could prompt other emerging markets to accelerate digital securities adoption.

Source: Finextra
№04

Blockchain Association Backs GENIUS Act Rules, Pushing Stablecoin Regulatory Clarity

The Blockchain Association voiced support for the US Treasury’s proposed GENIUS Act rules, which would limit client ID requirements to direct issuer-customer stablecoin transactions. By advocating for streamlined compliance, the Association aims to lower onboarding barriers for stablecoin issuers and encourage banks and fintechs to expand stablecoin offerings. As US rules take shape, other jurisdictions may look to the GENIUS Act as a model for balancing innovation and oversight.

Source: The Block
№05

Franklin Templeton and HashKey Launch Asia’s First Tokenized US Liquidity Fund

Franklin Templeton and HashKey have launched a tokenized US Government Liquidity Fund in Asia, offering investors enhanced liquidity and transparency through blockchain-based shares. This launch enables asset managers to reach new investor segments and demonstrates the viability of tokenized funds in regulated markets. The move is likely to accelerate tokenization strategies among global asset managers seeking to modernize product offerings.

Source: The Block
The Long Memory
“The first credit card transaction occurred in 1950 at a New York City restaurant, launching the Diners Club card and the concept of universal charge cards.

Filed under: Payments History · The Long Memory

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