Raagulan Pathy is the CEO of Kast. He joins host Aaron Stanley at Blockchain Rio 2026, a year after his first appearance and roughly $80 million in Series A funding later.
Rags explains why he thinks the stablecoin neobank market is winner take most, why Kast scrapped its planned token airdrop in favor of equity, and what the company found when 20 to 30% of its users started running business spend through a consumer card.
He also makes the case that Latin America has the strongest product-market fit for stablecoins anywhere in the world.
Sumsub recently released its fourth annual State of the Crypto Industry report. The new research reveals how digital asset companies are balancing fraud prevention, regulatory pressure, and user experience as they scale in 2026. This report draws on Sumsub's internal data from 2024–2025 and insights from 300 crypto companies surveyed outside Sumsub's customer base.
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