BeInCrypto 100 Institutional Awards Nomination: KAST for Best Digital Assets Neobank and Best Digital Assets Fintech
Stablecoins are beginning to look much less like a crypto buying and selling device and extra like monetary infrastructure for individuals who earn, spend, and transfer cash throughout borders. KAST is constructing instantly round that shift.
The agency is nominated for Best Digital Assets Neobank and Best Digital Assets Fintech on the BeInCrypto Institutional 100 Awards 2026.
| Neobank Metric | Last Verified Data |
| Users | 1M+ |
| Annualized transaction quantity | About $5B |
| Active footprint | 170+ international locations |
| Card acceptance | 150M+ retailers |
| Yield product | KAST Earn with Gauntlet and USD Prime Vault |
The nomination displays KAST’s efforts to construct a shopper and enterprise finance platform round stablecoin rails from the beginning.
The firm serves customers throughout 170+ international locations, integrates a real-time cross-border settlement layer with Fedwire and SWIFT, affords playing cards accepted at 150 million retailers, and helps USD accounts, international payouts, card spending, and yield merchandise from a single app.
In March 2026, KAST raised $80 million in Series A funding, co-led by QED Investors and Left Lane Capital, with Peak XV Partners, HSG, and DST Global Partners additionally taking part. The firm mentioned it had crossed 1 million customers and reached about $5 billion in annualized transaction quantity.
| Fintech Metric | Last Verified Data |
| Series A funding | $80M introduced in March 2026 |
| Core structure | Stablecoin-native monetary app |
| Business product | KAST Business waitlist/dwell entry waves |
| Custody and safety | Fireblocks, BitGo, and enterprise safety companions |
| Product floor | USD accounts, playing cards, payouts, yield, enterprise accounts |
Built Around Stablecoins From Day One
KAST’s nomination for Best Digital Assets Neobank facilities on its stablecoin-native account mannequin.
Most neobanks started with conventional banking rails and later added crypto options. KAST began with stablecoins because the working layer. The account steadiness, cross-border motion, card spend, and yield merchandise are all constructed round digital {dollars}.
In a nomination interview with BeInCrypto, Founder and CEO Raagulan Pathy described the distinction.
“The first technology of neobanks did an incredible job giving a slick interface, however they nonetheless operated throughout the conventional monetary system. Being stablecoin native, we may be in 150-plus international locations very early. That’s what we’ve achieved from day one,” Pathy mentioned.
That structure provides KAST its international attain. Users can maintain USD, spend by way of Visa card merchandise, transfer funds throughout borders, and entry stablecoin-based yield with out counting on a conventional checking account of their nation of residence.
KAST additionally emphasizes institutional-grade safety. Its web site says the platform companions with Fireblocks, BitGo, and enterprise safety suppliers for asset safety, whereas monetary providers are offered by way of licensed and regulated companions.
Turning Stablecoin Rails Into Fintech Infrastructure
The second nomination, Best Digital Assets Fintech, displays KAST’s wider product buildout.
KAST Earn permits customers to place idle USD to work by way of vault merchandise. Its Gauntlet Alpha Vault deploys funds throughout DeFi methods managed by Gauntlet, whereas the USD Prime Vault makes use of USDKY, a stablecoin backed by short-term US Treasury payments by way of M0.
KAST says customers can withdraw with out lockups, with returns mirrored within the worth of their vault steadiness.
Pathy framed belief as central to the enterprise mannequin.
“Financial providers is finally a belief recreation. Users will use you extra in the event that they belief you. It’s not all the time about being absolutely the least expensive; it’s about being the most secure and the perfect,” he mentioned.
KAST can also be transferring into enterprise finance. KAST Business is designed for international groups, founders, businesses, and operators who want payouts, payroll, digital playing cards, and cross-border spending in a single platform. The firm says it’s opening entry in phases and reviewing functions manually.
That expands KAST past a shopper card product. It provides the corporate a path into stablecoin payroll, contractor funds, enterprise spending, and embedded monetary providers.
The BeInCrypto Institutional 100 Awards acknowledge corporations constructing the methods that might outline the following part of digital finance. KAST’s nomination displays its function in turning stablecoins right into a usable banking-like expertise for shoppers and a monetary infrastructure layer for international companies.
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