{"id":"raagulan-pathy","title":"Raagulan Pathy","content":"**Raagulan Pathy** is a fintech entrepreneur, investor, and business executive known for his work in the [stablecoin](https://iq.wiki/wiki/stablecoin) and payments sectors, particularly within the Asia-Pacific (APAC) market. He is the co-founder and CEO of [KAST](https://iq.wiki/wiki/kast), a global financial application built on [stablecoin](https://iq.wiki/wiki/stablecoin) technology. \n\nPathy is also the founder of the crypto hedge fund JaffCap and a former executive who led Asian business operations for [Circle](https://iq.wiki/wiki/circle), Amazon Web Services (AWS), Facebook (now Meta), and Zoom. His deep involvement with [USDC](https://iq.wiki/wiki/usdc) at [Circle](https://iq.wiki/wiki/circle) and his subsequent ventures have earned him the moniker \"The Stablecoin Guy\" within the industry. [\\[1\\]](#cite-id-OgA8v4wbMh1OXCBv) [\\[2\\]](#cite-id-XdLwuKLwCXZuPPyL)​\n\n[YOUTUBE@VID](https://youtube.com/watch?v=WsIAgkJY_o4)\n\n## Education & Career \n\nRaagulan Pathy graduated from the University of Adelaide with a Bachelor of Commerce degree in International Business. [\\[4\\]](#cite-id-nq93HPOiCuVrpXYK)  \n\nHis career is marked by a progression from traditional banking technology to leadership roles at major global tech firms, culminating in entrepreneurial ventures focused on cryptocurrency and financial technology. [\\[1\\]](#cite-id-OgA8v4wbMh1OXCBv)​\n\n### Early Career and Big Tech Leadership\n\nPathy began his career by spending a decade in the banking technology sector. Following this period, he transitioned into leadership positions at several major technology companies, where he was responsible for leading and building their business operations across Asia. \n\nHis tenures included executive roles at Amazon Web Services (AWS), Facebook (now Meta), and Zoom, where he gained extensive experience in scaling technology businesses in the APAC region. [\\[4\\]](#cite-id-nq93HPOiCuVrpXYK) \n\n### Entrepreneurial Ventures\n\nParallel to his corporate career, Pathy has engaged in multiple entrepreneurial ventures. He co-founded the cloud company Lazu and later established JaffCap, a liquid crypto hedge fund where he serves as the Founder and Chief Investment Officer (CIO). These ventures reflect his early and continued interest in both cloud infrastructure and digital asset investment. [\\[4\\]](#cite-id-OgA8v4wbMh1OXCBv)​\n\n### Circle\n\nPathy's entry into the core of the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) industry was marked by his role at [Circle](https://iq.wiki/wiki/circle), the principal operator of the stablecoin USD Coin ([USDC](https://iq.wiki/wiki/usdc)). \n\nAs the Vice President & CEO for the company's Singapore division, he was tasked with establishing [Circle](https://iq.wiki/wiki/circle)'s corporate presence in the Asia-Pacific region. His work in this capacity was instrumental in expanding [USDC](https://iq.wiki/wiki/usdc)'s footprint in Asia and solidified his reputation as a key figure in the stablecoin ecosystem. This period was pivotal in developing his expertise in stablecoin infrastructure and global payment systems. [\\[1\\]](#cite-id-OgA8v4wbMh1OXCBv)​\n\n### KAST\n\nRaagulan Pathy is the co-founder and CEO of [KAST](https://iq.wiki/wiki/kast), a financial technology company that offers banking-like services through a \"global money app powered by stablecoins.\" [\\[3\\]](#cite-id-mYuuIpwWzATWZEru) \n\nPathy has stated that his motivation for creating KAST was to address the difficulties and limitations faced by freelancers, remote workers, and other global earners when using traditional banking systems. The company's mission is to create a more inclusive global financial system by leveraging stablecoin technology. KAST explicitly states that it is a financial technology company and not a bank. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru)​\n\n[YOUTUBE@VID](https://youtube.com/watch?v=BHh-pK4yvSw)\n\n#### Founding and Vision\n\nPathy founded [KAST](https://iq.wiki/wiki/kast) to provide a solution for individuals operating within the global digital economy who often encounter challenges with cross-border payments, currency conversion, and access to financial services. \n\nThe platform is designed to allow users to store, earn, move, and spend funds globally using a [stablecoin](https://iq.wiki/wiki/stablecoin)-based infrastructure. The primary target audience includes freelancers, remote workers, and existing crypto users who require a more fluid and accessible financial platform. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru) [\\[1\\]](#cite-id-OgA8v4wbMh1OXCBv)​\n\n#### Services and Features\n\nKAST's platform is built around four main functions: Store, Earn, Move, and Spend. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru)​\n\n* **Store:** KAST provides users with USD-denominated accounts that come with dedicated account and routing numbers. These accounts can receive ACH and wire transfers, and users are not required to be US residents to open one. This feature is designed to give global users access to a US-based banking infrastructure. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru)\n* **Earn:** The platform offers users the ability to earn yield on their holdings through savings vaults. These vaults offer an Annual Percentage Yield (APY) of up to 10%. This feature is enabled through a partnership with Gauntlet, which provides the institutional-grade savings infrastructure. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru)\n* **Move:** KAST facilitates instant global money transfers. Users can send and receive funds in dollars, their local currency, or various cryptocurrencies, aiming to reduce the friction and cost associated with traditional international remittances. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru)\n* **Spend:** KAST issues a branded Visa card that allows users to spend their stablecoin balances directly. The card is accepted at an estimated 150 million merchant locations worldwide that are part of the Visa network. The card features up to 6% cashback on all spending and has no monthly spending caps, with the spending limit being the user's wallet balance. The platform supports the use of stablecoins like [USDC](https://iq.wiki/wiki/usdc) and USDT for spending. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru) [\\[1\\]](#cite-id-OgA8v4wbMh1OXCBv)\n\n#### Technology and Partnerships\n\nKAST's infrastructure is built around stablecoin transactions and an integration with the [Solana](https://iq.wiki/wiki/solana) blockchain, which is known for its high throughput and low transaction costs. [\\[2\\]](#cite-id-XdLwuKLwCXZuPPyL) [\\[3\\]](#cite-id-mYuuIpwWzATWZEru)​\n\nTo ensure the security of user assets, KAST partners with institutional-grade digital asset security providers Fireblocks and [BitGo](https://iq.wiki/wiki/bitgo). The yield-generation feature is powered by a collaboration with Gauntlet, a firm specializing in financial modeling and risk management for DeFi protocols. \n\nThe physical and virtual cards are issued in partnership with Visa, providing global acceptance. Pathy's professional network consists of crypto infrastructure projects, wallets like Phantom, major exchanges, and other fintech partners, which supports KAST's ecosystem development. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru) [\\[2\\]](#cite-id-XdLwuKLwCXZuPPyL)​\n\n### KAST Series A Funding\n\nOn March 9, 2026, Raagulan Pathy's [KAST](https://iq.wiki/wiki/kast) announced it had raised $80 million in a Series A funding round. The round was co-led by QED Investors and Left Lane Capital, with participation from Peak XV Partners, HSG, and DST Global Partners. According to the company's founder and CEO, Raagulan Pathy, the funding was secured less than 18 months after the company's launch. \n\nAt the time of the announcement, KAST reported serving over one million users and processing nearly $5 billion in annualized transaction volume. [\\[5\\]](#cite-id-96EzFJGLAs2lzEFE) \n\n## Public Profile and Influence\n\nRaagulan Pathy is regarded as a prominent voice in the fintech and crypto sectors of the Asia-Pacific region, with notable visibility in Australia. His influence is derived from his executive experience, entrepreneurial success, and a distinct public communication style. [\\[2\\]](#cite-id-XdLwuKLwCXZuPPyL)​\n\n### Industry Recognition and Speaking Engagements\n\nPathy's expertise in stablecoins and fintech has led to speaking engagements at major industry events. In 2025, he was a featured speaker at Consensus, a prominent cryptocurrency conference hosted by [CoinDesk](https://iq.wiki/wiki/coindesk). His presentation focused on the future of stablecoin-powered finance, drawing from his experiences at [Circle](https://iq.wiki/wiki/circle) and KAST. The recognition of KAST in Stripe's 2025 annual letter further cemented his and his company's standing within the broader financial technology industry. [\\[3\\]](#cite-id-mYuuIpwWzATWZEru) [\\[1\\]](#cite-id-OgA8v4wbMh1OXCBv)​\n\n### Advocacy and Public Stances\n\nBeyond his business activities, Pathy engages in public discourse on several global and industry-specific topics. He is a public supporter of Ukraine. \n\nHe has also contributed to discussions around climate change, specifically addressing the need for responsible infrastructure and energy considerations for [blockchain](https://iq.wiki/wiki/blockchain) technology. As a founder, he is a known advocate for building on the [Solana](https://iq.wiki/wiki/solana) blockchain, citing its performance and ecosystem as a foundation for his venture, KAST. [\\[2\\]](#cite-id-XdLwuKLwCXZuPPyL)​","summary":"Raagulan Pathy is a fintech entrepreneur and investor known as the co-founder of KAST, a global financial app powered by stablecoins. 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