Daniel Bertoli, KAST’s other co-founder and a former partner at Quona Capital, argues that existing neobanks struggle with blockchain integration because their core systems were not designed for crypto. “The next generation of digital banks will be inherently global and built on stablecoins from the ground up,” he said.
Partners from DST Global and Goodwater Capital also invested in the round. KAST declined to disclose user numbers or its valuation, but said its growth had exceeded projections in its first four months of operation.
The startup plans to launch savings products and expand its remittance services while maintaining a focus on stablecoin-based infrastructure.