KAST raises $80 million at $600 million valuation to expand stablecoin payments platform

Funding volition enactment merchandise expansion, licensing and compliance arsenic the institution scales a level for cross-border stablecoin payments.

Mar 9, 2026, 12:43 p.m.

KAST, a stablecoin-powered fiscal level focused connected cross-border payments, raised $80 cardinal successful Series A backing led by QED Investors and Left Lane Capital, the institution announced connected Monday.

The institution said it plans to usage the backing to grow its product, put successful licensing and compliance and turn its team. KAST is gathering a level that helps radical and businesses determination wealth crossed borders utilizing stablecoins, allowing users to gain income globally, clasp funds digitally, and walk locally done a azygous system.

Stablecoin enactment has surged successful caller years, with much than $35 trillion successful transactions past year. However, only astir 1% represented real-world payments specified arsenic remittances oregon payroll, according to McKinsey and Artemis Analytics, leaving important country for caller outgo platforms to grow.

Peak XV Partners, HSG, and DST Global Partners besides joined the early-stage backing round, which valued the institution astatine $600 million, according to sources cited by Bloomberg.

In its property release, the institution said it has reached much than 1 cardinal users and processes astir $5 cardinal successful annualized transaction measurement since launching 18 months ago. Revenue has doubled since the extremity of September 2025, it added.

KAST connects integer dollars with section payout systems successful supported markets. The level aims to trim the time, outgo and fig of steps progressive successful sending wealth crossed borders.

“The latest backing reflects the assurance of starring investors successful the stablecoin thesis and successful KAST’s quality to execute it astatine planetary scale,” said Raagulan Pathy, laminitis and CEO of KAST.

KAST plans to grow crossed North America, Latin America and the Middle East. The institution besides plans to rotation retired KAST Business for payouts, payroll and cross-border spending.

“Stablecoin exertion holds the imaginable to reshape the aboriginal of finance. We are thrilled to pb this circular astatine KAST,” said Nigel Morris, co-founder and managing spouse astatine QED Investors.

More For You

Bithumb faces projected 6-month partial prohibition implicit South Korea AML breaches

The suspension, according to section media reports, would lone restrict virtual plus transfers for recently registered users, not affecting existing lawsuit operations.

What to know:

• Bithumb reportedly received a preliminary announcement from South Korea’s FIU regarding a projected six-month partial suspension and a reprimand for its CEO.
• The announcement cites alleged violations for mediocre AML/KYC enforcement and transactions with unregistered overseas platforms.
• The suspension would lone restrict virtual plus transfers for recently registered users, not affecting existing lawsuit operations.