HongShan, Peak XV back stablecoin&powered neobank KAST

Peak XV and HongShan, the Indian and Chinese investment firms that split from powerhouse Sequoia last year, have co-led a $10 million seed investment in KAST, a dollar-denominated neobank-like platform that lets customers hold and spend stablecoins through traditional payment avenues.  Kast also issues credit cards that work with standard merchant networks, enabling users to […] © 2024 TechCrunch. All rights reserved. For personal use only.