Kast
“Can a stablecoin-native financial platform replace traditional banking for globally mobile consumers and businesses in emerging markets?”
Founded in 2023 by former Circle Asia Pacific head Raagulan Pathy, KAST was built from day one as a stablecoin-native financial platform targeting emerging markets and globally mobile users underserved by traditional banking. Rather than starting with a conventional neobank and adding crypto, KAST placed stablecoin rails at the core: USD and EUR accounts, USDC/USDT-based payments, and a debit card accepted at 150M merchants. By 2026 it pivoted from purely consumer to also targeting businesses with KAST Business, embedding payroll and cross-border payout capabilities alongside yield-generating vaults for idle balances.