KAST secures $80 million funding at a $600 million valuation to enhance stablecoin payment services.

Funding will aid in product development, licensing, and compliance as the firm scales a platform for international stablecoin payments.

Stablecoin transactions currently constitute only a small portion of the overall transactional volume. (Photo by Thriday on Unsplash/Modified by CoinDesk)

Key points:

• KAST, a platform for stablecoin-based cross-border payments, successfully secured $80 million in Series A funding, spearheaded by QED Investors and Left Lane Capital, at a reported valuation of $600 million.
• The funds will be allocated towards enhancing its product offerings, regulatory compliance, and team growth.
• KAST intends to leverage the largely underdeveloped segment for practical stablecoin payments by linking digital dollars to local payout frameworks and extending its reach across North America, Latin America, and the Middle East, including the introduction of a new KAST Business service.

KAST, a financial platform utilizing stablecoins for cross-border payments, announced on Monday that it has raised $80 million in Series A funding, led by QED Investors and Left Lane Capital.

The firm indicated that the investment will facilitate product expansion, support licensing and compliance initiatives, and allow for team growth. KAST is developing a platform that enables individuals and businesses to transfer funds internationally using stablecoins, which provides users with the ability to earn income globally, manage funds digitally, and make local expenditures through a unified system.

In recent years, stablecoin transactions have experienced significant growth, with over $35 trillion processed last year. Nevertheless, only approximately 1% was attributed to real-world transactions such as remittances or salaries, as reported by McKinsey and Artemis Analytics, highlighting ample opportunity for new payment platforms to flourish.

Peak XV Partners, HSG, and DST Global Partners also participated in this early-stage funding round, which valued the company at $600 million, according to sources referenced by Bloomberg.

In its press release, KAST noted that it has surpassed 1 million users and manages around $5 billion in annualized transaction volume since its launch 18 months ago. The revenue has doubled since the end of September 2025, according to the company.

KAST links digital dollars to local payout systems in the markets it serves. The platform aims to streamline the time, cost, and complexity associated with cross-border money transfers.

“The recent funding underscores the confidence of prominent investors in the stablecoin premise and in KAST’s capability to implement it on a global scale,” stated Raagulan Pathy, founder and CEO of KAST.

KAST has plans to expand throughout North America, Latin America, and the Middle East. The company also intends to launch KAST Business for payouts, payroll, and cross-border spending.

“Stablecoin technology has the potential to transform the future of finance. We are excited to lead this investment round at KAST,” remarked Nigel Morris, co-founder and managing partner at QED Investors.