KAST, a financial technology platform built on stablecoins to deliver a neobank-style experience, has raised US$10 million in seed funding. The round is led by HSG (HongShan Capital Group) and Peak XV Partners. A number of high-profile angels, partners of DST Global, and Goodwater Capital also joined the round.
Stablecoins have experienced remarkable growth with over US$170 billion in supply, and US$8.5 trillion transaction volume in Q2 2024 by over 125 million users. Analysts predict by 2030; user numbers will exceed 1 billion and supply will surpass US$1 trillion.
Testimonials from card users
KAST is transforming the financial-technology landscape, by offering a seamless blend of stablecoin technology with traditional payment means. The KAST platform enables USD accounts globally to 150+ countries, reaching over 5 billion people – offering a solution where banking falls short. The silky-smooth user experience is taking mainstream the openness, speed and security of stablecoins; KAST enables users to send, receive, save, and spend funds across borders efficiently. For more information, users can visit www.kast.xyz.
ContactVP Global PartnershipsBasKASTBas@kast.xyz
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
