KAST raised $80 million in a new funding round. The deal signals venture capital is still backing “digital-dollar account” startups as stablecoins move from trading venues into everyday payments.
People familiar with the round said it values KAST at about $600 million. They also said KAST expects its annual revenue run rate to rise to $100 million this year. A company spokesperson said the money will fund expansion across North America, Latin America, and the Middle East, plus hiring, licensing, and product work.
Building a stable future for everyone 🌎
— KAST (@KASTxyz) March 9, 2026
We've raised a historic $80M Series A to give everyone access to stablecoin-powered financial services.
Special thanks to @QEDInvestors and @leftlanecap for co-leading the round and to all our members for believing in our mission. pic.twitter.com/MQSvrGOQG6
KAST is one of several teams chasing volume in stablecoin settlement. Stablecoin transactions rose 72% to a record $33 trillion in 2025, according to Artemis Analytics, helped by US regulatory tailwinds and rising institutional interest. Capital is following the activity: ARQ raised $70 million last week, and RedotPay landed $107 million in December.
The terms for KAST’s round were settled in October, the people said, and it was co-led by QED Investors and Left Lane Capital. QED confirmed its investment, while Left Lane did not respond to a request for comment. KAST previously raised a seed round in December 2024 led by HongShan Capital and Peak XV Partners.
KAST launched in July 2024 and is led by co-founder and CEO Raagulan Pathy, a former Circle executive who ran Asia Pacific and served as Singapore chief. The company is incorporated in the Cayman Islands, with leadership based in Singapore. KAST positions its platform around storing, earning, and spending stablecoins pegged to assets such as the US dollar—essentially a fintech account built on token rails. Can that model win mainstream payment share without the protections and credit features users expect from cards and banks?
Execution now matters more than the headline raise. KAST will need licenses, compliant on-ramps, and local distribution to turn stablecoin balances into repeat consumer spend across multiple regions. The next catalyst is whether its regulatory approvals and product rollout translate into sustained transaction growth that validates the $100 million run-rate target.
