KAST Named Best Digital Asset Neobank at CoinGape Web3 Innovation Awards 2026

NEW YORK, July 2026 – KAST, the global stablecoin-powered neobank redefining modern banking for the digital asset economy, has been named Best Digital Asset Neobank at the CoinGape Web3 Innovation Awards 2026. The recognition celebrates KAST’s rapid growth, product innovation, and contribution to making stablecoin-powered financial services accessible to users worldwide.

The CoinGape Web3 Innovation Awards recognize organizations and leaders driving meaningful innovation across the digital asset ecosystem. CoinGape Awards Winners are selected through a comprehensive evaluation process that combines editorial research, community participation, and independent industry assessment.

The award comes during a period of exceptional momentum for KAST. Since launching in 2024, the company has grown to more than one million users across over 190 countries. The neobank is currently processing nearly $5 billion in annualized transaction volume through its stablecoin-native financial infrastructure. KAST is also targeting a $100 million annual revenue run rate, with both users and revenue growing approximately 15–20% month over month.

Unlike traditional neobanks that later integrated crypto features, KAST was built from the ground up on stablecoin rails. The platform offers USD-denominated accounts, global pay-ins and payouts, payment cards.

KAST CEO Raagulan Pathy left the leading USDC giant Circle to bet on his conviction on stablecoins. On a recent Voice of Web3 podcast, he has said that “Stablecoins Could Replace traditional rails like SWIFT.

KAST is continuing building a growing suite of consumer and business financial products, enabling users to send, spend, and save digital dollars as easily as they would with a conventional bank.

Today, KAST supports payments to more than 190 countries, helping eliminate the friction and costs associated with legacy cross-border banking systems.

“We’re honored to receive the Best Digital Asset Neobank award at the CoinGape Web3 Innovation Awards,” said Raagulan Pathy, Founder and CEO of KAST. “This recognition reflects our team’s commitment to building financial infrastructure that makes stablecoins practical for everyday use. We believe digital dollars will become a foundational layer of global finance, and we’re building the banking experience that enables that future.”

The recognition also follows a landmark year for the company. Earlier this year, KAST announced an $80 million Series A funding round, co-led by QED Investors and Left Lane Capital. That now values the company at approximately $600 million. The fresh capital is being deployed to expand across North America, Latin America, and the Middle East. The crypto neobank is also accelerating licensing, compliance, product development, and hiring.

KAST has already built a team of more than 250 employees, including talent from Stripe, Circle, Revolut, Binance, and Airwallex.

The broader market continues to validate KAST’s vision. According to Artemis Analytics, global stablecoin transaction volume surpassed $33 trillion over the past year. The global neobanking market was valued at more than $211 billion in 2025 and is projected to exceed $322 billion in 2026.

This also reflects growing adoption of stablecoin-based payment infrastructure and neobanks to faciliate those services consumers, businesses, and institutions alike. As stablecoins increasingly become a core financial primitive, demand for compliant, user-friendly digital banking platforms continues to accelerate.

Winning the Best Digital Asset Neobank award reinforces KAST’s position as one of the fastest-growing companies and among the best neobanks of 2026.