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<p>In a groundbreaking move for global finance, <strong>KAST</strong>, a fintech platform leveraging stablecoins to deliver a neobank-style experience, has successfully raised <strong>$10 million</strong> in a seed funding round. The investment was spearheaded by <strong>HSG (HongShan Capital Group)</strong> and <strong>Peak XV Partners</strong>, with participation from prominent angels, DST Global partners, and Goodwater Capital. </p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9b7d3f7cf1e04c9a9372914ef2b3c5df.png" /><p></p><p><strong>Let’s dive into what makes this news so exciting for the future of finance and the global economy. &#x1f680;</strong></p><h2 id="header-0"></h2><h2 id="header-1"></h2><h2 id="header-2">&#x1f31f; <strong>What is KAST?</strong></h2><h3 id=""></h3><p></p><p>KAST is not just another neobank. It’s a <strong>financial-technology platform</strong> built to solve the challenges of traditional banking systems. By utilizing stablecoins, KAST offers faster, cheaper, and more secure financial services for individuals and businesses worldwide.</p><p></p><p><strong>Here’s how KAST is changing the game: </strong></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6afd91b8633b4712ab5d02fb329973ba.png" /><p></p><p></p><h2 id="header-3">&#x1f4a1; <strong>Why Stablecoins?</strong></h2><h3 id=""></h3><h3 id=""></h3><h3 id=""></h3><h3 id=""></h3><p></p><h3 id=""></h3><p></p><p></p><p>For <strong>over half of global GDP</strong>, traditional banking is too slow and closed to match the Internet’s speed and openness. <strong>Stablecoins</strong>, pegged to real currencies like the USD, offer a practical solution.</p><p>However, until now, the <strong>user experience</strong> with stablecoins was lacking. That’s where KAST comes in:</p><ul><li><strong>Holds Value:</strong> Protects users from currency volatility.</li><li><strong>Global Utility:</strong> Enables purchases, international travel, and seamless transactions.</li><li><strong>Fast &amp; Secure:</strong> International transfers that once took weeks can now happen <strong>instantly</strong>.</li></ul><p>As <strong>Raagulan Pathy</strong>, KAST’s Co-Founder, puts it:</p><blockquote>“We are building KAST to change this.”</blockquote><p>Pathy brings extensive expertise, having previously served as VP for Asia Pacific &amp; CEO for Singapore at <strong>Circle</strong>, the company behind the popular stablecoin <strong>USDC</strong>.</p><h2 id="header-4"></h2><h2 id="header-5">&#x1f4c8; <strong>Massive Growth Potential</strong></h2><h3 id=""></h3><p></p><h3 id=""></h3><h3 id=""></h3><h3 id=""></h3><p>Stablecoins are no longer niche. With over <strong>$170 billion</strong> in supply and <strong>$8.5 trillion</strong> in transaction volume recorded in Q2 2024, they’re reshaping global finance.</p><h3 id=""></h3><h3 id="strong-projections-for-2030-strong"><strong>Projections for 2030</strong></h3><h3 id=""></h3><ul><li><strong>1&#43; billion users</strong></li><li><strong>$1 trillion&#43; supply</strong></li></ul><p>KAST has already experienced remarkable traction in its first four months, with growth and revenue surpassing expectations. This highlights the enormous <strong>pent-up demand for stablecoin-powered financial services</strong>.</p><h2 id="header-6"></h2><h2 id="header-7"></h2><h2 id="header-8">&#x1f6e0;️ <strong>How KAST Stands Out</strong></h2><h3 id=""></h3><p></p><h3 id=""></h3><h3 id=""></h3><p>According to <strong>Daniel Bertoli</strong>, Co-Founder of KAST and former Partner at Quona Capital:</p><blockquote>“The next generation of neobanks will be built on stablecoins and inherently global by DNA.”</blockquote><p>Unlike traditional neobanks, which are often constrained by country-specific licensing and incompatible systems, KAST is:</p><ul><li><strong>Borderless by Design:</strong> Operational in over <strong>150 countries</strong>.</li><li><strong>Blockchain-Integrated:</strong> Designed to seamlessly combine blockchain with traditional finance.</li></ul><h2 id="header-9"></h2><h2 id="header-10">&#x1f30d; <strong>Real-World Impact</strong></h2><h3 id=""></h3><h3 id=""></h3><p></p><h3 id=""></h3><p>The benefits of KAST’s platform go far beyond technology. It provides tangible solutions for real-world problems:</p><ul><li><strong>Economic Stability:</strong> Offers a safe haven for users in countries with unstable local currencies.</li><li><strong>Remote Work Simplified:</strong> Helps digital nomads and remote workers receive salaries in stablecoins, bypassing legacy banking hurdles.</li><li><strong>Cheaper Transfers:</strong> Eliminates high fees and delays associated with international money transfers.</li></ul><h3 id=""></h3><h3 id="strong-testimonial-from-alex-svanevik-ceo-of-nansen-ai-strong"><strong>Testimonial from Alex Svanevik, CEO of Nansen.ai:</strong></h3><h3 id=""></h3><blockquote>“International transfers that once took weeks can now be completed instantly and at virtually no cost.”</blockquote><h2 id="header-11"></h2><h2 id="header-12">&#x1f680; <strong>Looking Ahead</strong></h2><h3 id=""></h3><h3 id=""></h3><p></p><p>With a solid backing of <strong>$10 million</strong> in seed funding, KAST is poised to redefine global banking. Their innovative use of stablecoins addresses a critical gap in the market, delivering financial freedom to millions worldwide.</p><p>The future of finance is fast, secure, and global—and KAST is leading the charge. &#x1f31f;</p><h3 id=""></h3><h3 id="key-takeaways-at-a-glance">Key Takeaways at a Glance:</h3><h3 id=""></h3><p></p><h3 id=""></h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/07a71a3e52f148d2ba941f1f5bd6821a.png" /><p></p><p>Let us know your thoughts! Could KAST be the next big thing in neobanking? &#x1f4ac;&#x1f4b8;</p><p></p><p></p>

KAST Raises $10M to Revolutionize Global Banking with Stablecoins 🌍💳

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