The next phase of payments is being defined by qualities traditional rails struggle to deliver: speed, programmability, and always-on resilience. Stablecoins are bringing those qualities into production payment flows, creating both opportunities and choices for banks. The question is not whether to engage, but how to adapt these new flows in a way that preserves trust, compliance, and control.
The Fireblocks Network for Payments extends the Fireblocks Network into a dedicated layer for stablecoin transactions. It unites local payment rails, blockchains, and stablecoin systems through a single, compliance-embedded network. For banks, it provides a neutral and interoperable way to connect with counterparties, deliver services, and scale into new payment models on their own terms.
Like the SWIFT network, the Fireblocks Network for Payments is valued for being neutral, open, and trusted. The difference is that it is built for the digital asset era, uniting local payment rails, blockchains, and stablecoin systems into a single network. For banks, this makes it the most efficient way to scale stablecoin payment flows securely and with global reach.
Compliance and Governance by Design
The Fireblocks Network for Payments is built to meet the standards banks demand and expect.
Compliance is embedded directly into the transaction layer so that every payment can carry
- AML and KYT screening,
- sanctions checks,
- beneficiary data,
- wallet verification,
- and Travel Rule information.
These controls are powered by Fireblocks’ in-house capabilities and integrations with Notabene, Elliptic, and Chainalysis, ensuring that every step is auditable.
Governance remains with the bank. Each institution defines its own trust perimeter by selecting counterparties, corridors, and limits, and transactions are only executed within that perimeter. This structure ensures banks retain ultimate control over their risk appetite and over onboarding. Every new participant is admitted under the bank’s own standards, policies, and procedures, and no transaction takes place until the bank decides who to trust and on what terms.
The Network also provides operational resilience and security. Redundancy across providers allows flows to be rerouted in the event of a corridor disruption. Built-in safeguards such as counterparty address resolution and policy enforcement reduce the risks of spoofing, misdirection, or operational error, so banks can trust that transactions are executed exactly as intended.
Banks as Participants: Extending Reach
On the Fireblocks Network for Payments, banks can participate to access services from other providers and extend their reach without building everything in house. Through a single connection, a bank can use the Network Directory to discover FX, liquidity, on- and off-ramping, or stablecoin issuance providers, broadening product coverage, activating new corridors, and supporting clients in more currencies, all while maintaining its own compliance perimeter and governance.
Bank participants choose the Network because it delivers a single integration point into a neutral and interoperable infrastructure. They can connect once to reach more than 40 providers across 100+ countries and 60+ currencies, with new providers added every month. And because compliance is embedded by design, every transaction that flows across the Network already meets the standards that banks require.
For banks, this translates into exposure to new client flows in a trusted environment. Every participant on the Network is a potential customer, able to discover and connect to banks for custody, settlement, FX, and on and off ramp services. The bank remains in control. Prospective clients still complete onboarding under its own policies and governance, and only then can they transact through the Network.
The Network also enables a bank-to-bank layer of connectivity. Beyond serving fintechs and corporates, banks can discover and transact directly with one another through the Network Directory, adding new interbank settlement capabilities built on stablecoins.
For example, a European bank can accept euro deposits from a client, convert them to USDC with a provider such as Circle, and settle payouts in the United States within minutes. The same model applies to FX or stablecoin liquidity. By connecting as participants, banks can deliver faster settlement and meet client demand for digital asset services with less operational overhead.
Banks as Providers: Proof in Action
As providers on the Fireblocks Network for Payments, banks make their services available to the ecosystem, embedding stablecoins into the regulated financial system. Through the Fireblocks Network Directory, their custody, settlement, FX, and on and off ramping capabilities become discoverable to thousands of fintechs, corporates, and PSPs. This allows banks to scale globally through a neutral, interoperable, and compliance-embedded infrastructure.
These banks in the Fireblocks Network Directory show how providers are already shaping stablecoin payment flows in regulated markets:
- Braza Bank is one of Brazil’s largest exclusive FX banks by traded volume, serving more than 17 million people, 7,000 companies, and 50 partner banks. Combining traditional banking infrastructure with digital asset solutions, including its own stablecoins BBRL and USDB, Braza offers on and off ramps, FX services, multi-currency accounts, and API-driven global payments with speed, security, and full regulatory compliance.
- Pave Bank is a fully licensed commercial bank built to integrate traditional banking and digital assets, offering 24/7 multi-asset accounts across 25 plus currencies and leading digital assets. Through its proprietary PaveNet settlement network, programmable banking tools, and institutional-grade liquidity, Pave enables corporates and institutions to automate treasury, FX, and payments while operating securely at the intersection of traditional finance and digital assets.
- Singapore Gulf Bank (SGB) is a fully licensed wholesale digital bank regulated by the Central Bank of Bahrain, supporting global corporate clients with a unified platform that bridges conventional and digital assets. Through services such as SGB Net, its real-time, multi-currency clearing network, as well as mint and redeem capabilities for stablecoins, on and off ramping of major tokens, FX, and wholesale banking, SGB enables instantaneous, compliant cross-border settlements with a focus on APAC and the GCC.
- Sygnum Bank is a fully-regulated digital asset bank with licenses in Switzerland, Singapore, Abu Dhabi, Luxembourg, and Liechtenstein. It provides institutional-grade custody, trading, staking, Lombard loans, and asset management, and operates Sygnum Connect, a 24/7 instant settlement network for digital assets. Through its B2B bank-to-bank platform, Sygnum enables trading, asset management, crypto compliance, and custody services, embedding stablecoin settlement capabilities into the regulated financial system
By stepping in as providers, banks are not experimenting, but building the foundation for how stablecoin services will operate in regulated markets.
What’s at Stake
Money is already moving onto programmable, always-on rails. Banks that engage now, whether as providers or participants, secure their relevance in cross-border payments, FX, and treasury services. Those who wait risk losing flows, margin, and client relationships to institutions that are already active.
The Fireblocks Network for Payments was built to give banks the flexibility to define their role, whether as a provider, a participant, or both. By joining now, banks can connect into the largest and most active network for digital assets and stablecoin payments, ensuring they remain central to the future of money movement.
We will be at Sibos 2025 in Frankfurt, 29 September – 2 October, Stand DISL68 – Discover. Come meet the team and learn more about how we are working with banks and global financial institutions to bring stablecoin payments into production.
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