KAST, a stablecoin-powered monetary platform targeted on cross-border funds, raised $80 million in Collection A funding led by QED Traders and Left Lane Capital, the corporate introduced on Monday.
The corporate mentioned it plans to make use of the funding to increase its product, spend money on licensing and compliance and develop its staff. KAST is constructing a platform that helps folks and companies transfer cash throughout borders utilizing stablecoins, permitting customers to earn earnings globally, maintain funds digitally, and spend regionally via a single system.
Stablecoin exercise has surged in recent times, with greater than $35 trillion in transactions final yr. Nevertheless, solely about 1% represented real-world funds corresponding to remittances or payroll, in accordance with McKinsey and Artemis Analytics, leaving important room for brand spanking new cost platforms to develop.
Peak XV Companions, HSG, and DST World Companions additionally joined the early-stage funding spherical, which valued the corporate at $600 million, in accordance with sources cited by Bloomberg.
In its press launch, the corporate mentioned it has reached greater than 1 million customers and processes about $5 billion in annualized transaction quantity since launching 18 months in the past. Income has doubled because the finish of September 2025, it added.
KAST connects digital {dollars} with native payout techniques in supported markets. The platform goals to cut back the time, value and variety of steps concerned in sending cash throughout borders.
“The most recent funding displays the boldness of main traders within the stablecoin thesis and in KAST’s skill to execute it at world scale,” mentioned Raagulan Pathy, founder and CEO of KAST.
KAST plans to increase throughout North America, Latin America and the Center East. The corporate additionally plans to roll out KAST Enterprise for payouts, payroll and cross-border spending.
“Stablecoin know-how holds the potential to reshape the way forward for finance. We’re thrilled to guide this spherical at KAST,” mentioned Nigel Morris, co-founder and managing associate at QED Traders.
