Financial technology platform ChainwireKAST has secured $10 million in seed funding from HongShan Capital Group and Peak XV Partners. The platform offers payment cards and USD-denominated accounts to users in over 150 countries, as well as the ability to send and receive cash. KAST plans to launch savings and remittance products without the need to touch fiat directly. Stablecoins have seen significant growth, with analysts predicting over 1 billion users by 2030.
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Financial technology platform KAST raises $10 million in seed funding for neobank-style experience using stablecoins.
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