NEXUS is partnering with Dubai-based digital finance firm Fasset to expand its global payment and settlement infrastructure using stablecoins.
NEXUS (CEO Henry Chang) announced that it signed a strategic memorandum of understanding (MOU) with Dubai, UAE-based Fasset FZE for building a stablecoin-centered financial infrastructure at Korea Blockchain Week (KBW 2026) on the 30th. Based on this partnership, the two companies plan to explore multifaceted collaboration models, including integrating payment systems, establishing stablecoin-based settlement processes, and co-branding digital financial products.
In particular, the two sides will execute a joint proof of concept (PoC) integrating NEXUS's payment system with Fasset's fiat and virtual asset conversion technology. In addition, they plan to form a joint task force (TF) that will operate regularly every quarter to research ways to build stablecoin infrastructure pegged to the UAE Dirham (AED) and the South Korean Won (KRW), respectively.
Headquartered in Dubai, Fasset is an AI-powered stablecoin digital financial platform company. It secured a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA) in 2023 and has been providing official digital asset services. Notably, in August this year, it raised $68 million in a Series C funding round led by SBI Group, proving a high market valuation of $1 billion. Currently serving users across 125 countries, Fasset maintains over 3 million wallets and more than 1,000 corporate clients while operating payment and settlement infrastructure connecting broad financial networks.
In June, NEXUS laid a strong foundation for game and digital content distribution by officially incorporating ONEstore as a subsidiary. Expanding the existing fiat-centered payment network secured through this move into the stablecoin ecosystem, NEXUS is preparing an integrated infrastructure connecting distribution, payment, and settlement into a single pipeline.
Mohammad Raafi Hossain, CEO of Fasset, said, “The next stage of finance is freely connecting people, assets, and payment networks. We will expand the infrastructure where stablecoins are used for real-world payments and settlements so that access to financial opportunities does not depend on where someone lives.”
Henry Chang, CEO of NEXUS, stated, “The competitiveness of stablecoins stems from actual use cases and distribution networks rather than issuance itself. By combining Fasset's global payment and settlement infrastructure with ONEstore, we will complete our global AI blockchain gaming platform from a payment perspective as well.”
