Stablecoin Neobank KAST Nominated in BeInCrypto Awards

KAST, a neobank built around stablecoins, received nominations for Best Digital Assets Neobank and Best Digital Assets Fintech in the BeInCrypto Institutional 100 Awards 2026.

The company offers USD accounts, global payouts, card spending and yield products in a single app across more than 170 countries. KAST uses stablecoin balances as its core account and settlement layer and connects those balances to real-time settlement systems including Fedwire and SWIFT. Its Visa card products are accepted at about 150 million merchants.

KAST reported more than 1 million users and roughly $5 billion in annualized transaction volume. In March 2026 the firm closed an $80 million Series A round co-led by QED Investors and Left Lane Capital, with participation from Peak XV Partners, HSG and DST Global Partners.

The company uses custody providers such as Fireblocks and BitGo and relies on licensed partners to deliver regulated financial services. KAST also works with enterprise security vendors for asset protection and operational security.

KAST Earn offers two vault products. The Gauntlet Alpha Vault allocates funds across decentralized finance strategies managed by Gauntlet. The USD Prime Vault uses USDKY, a stablecoin backed by short-term U.S. Treasury bills through M0. KAST says users can withdraw without lockups and that returns are reflected in the vault balance rather than paid out separately.

KAST Business is a product aimed at global teams, founders, agencies and operators that need payouts, payroll, virtual cards and cross-border spending. The company said access to the business product is being opened in phases and that applications are reviewed manually.

Founder and CEO Raagulan Pathy described the company’s strategy as starting with stablecoin rails rather than traditional banking rails. “The first generation of neobanks did a great job giving a slick interface, but they still operated within the traditional financial system. Being stablecoin native, we can be in 150-plus countries very early. That’s what we’ve done from day one,” Pathy said. He added that trust matters for users choosing financial services: “Users will use you more if they trust you. It’s not always about being the absolute cheapest; it’s about being the safest and the best.”

The BeInCrypto Institutional 100 Awards recognize companies developing systems intended to support digital-asset based financial services and infrastructure.