Fasset, a Shariah-compliant neobank that offers banking services built on stablecoin and blockchain rails, raises $51 million in a Series B round to support expansion into emerging markets. The company announces the funding on May 14 and says the additional capital will help it continue serving customers in regions it describes as underserved or overlooked. According to reporting, the investment is intended to broaden access to the bank’s stablecoin-centric platform, which is designed to provide digital banking and payments capabilities to users who may have limited options through traditional financial systems. The funding is presented as part of a broader fintech trend in which startups build banking and payment products using stablecoins as a core infrastructure layer. Both outlets describe Fasset’s stablecoin-focused model and its goal of scaling its services across emerging markets, with the funding round framed as enabling further growth rather than a change in the company’s core focus.