KAST, an innovative fintech platform that leverages stablecoins to provide a neobank-style experience, has successfully secured US$10 million in seed funding. The funding round was spearheaded by HSG (HongShan Capital Group) and Peak XV Partners. A selection of prominent angel investors and partners from DST Global and Goodwater Capital participated in the round.

“For most countries and over half of global GDP, banking does not match the openness and speed of the Internet; it’s fundamentally broken. Stablecoins are the clear solution, but the user exp...