Draft:KAST

  • Comment: A crypto company with barely a year of trading is highly unlikely to meet the requirement for corporate depth, it's borderline Reject territory. See WP:SIRS and the two sections below on corporate depth and corporate trivia. One source, coindesk, should not be used at all, it's not reliable. Funding/unicorn is totally corporate trivia, which just leaves Stabledash. In content it's heading towards corporate depth, but the source is at best a promotional platform, it's some way from being the Financial Times or Wall Street Journal. ChrysGalley (talk) 09:42, 23 April 2026 (UTC)
  • Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. JWStorry (talk) 09:30, 23 April 2026 (UTC)


KAST is a financial services technology company. It was founded in 2024 by Raagulan Pathy, a former executive at Circle. The company develops financial services using stablecoins. It has been described as a “stablecoin neobank” by industry publications.[1].

The company offers consumer and business financial services using stablecoins, including payments and cross-border transactions.

History

In January 2025, KAST raised an initial $10 million seed round at a valuation that was described as approximately $100 million[2].

In March 2026, the company raised an $80 million Series A funding round[3]. The funding was reported to support expansion, hiring, licensing and product development[4]. At the time of the raise it was reported that KAST has more than 1 million users and processes $5 billion annualised transaction volumes[5]

References

  1. ^ Fowler, Zach (2025-10-27). "Building a Global Bank on Stablecoin Rails: KAST". Stabledash. Retrieved 2026-04-23.
  2. ^ Thompson, Sarah; Sood, Kanika; Rapaport, Emma (2024-12-11). "Mark Carnegie, HongShan back $US100m crypto neobank". Australian Financial Review. Retrieved 2026-04-23.
  3. ^ "Stablecoin payments platform KAST raises $80 million Series A at $600 million valuation". www.coindesk.com. Retrieved 2026-04-23.
  4. ^ Ryan, Weeks; Ghosh, Suvashree. "Stablecoin Payments Firm KAST Raises $80 Million in Funding". Bloomberg.
  5. ^ RapaportCo-editor, Emma; Talk, Street (2026-03-10). "Australia's next tech unicorn is a cryptocurrency player". Australian Financial Review. Retrieved 2026-04-23. {{cite web}}: |last= has generic name (help)

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