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Blockchain.com has launched an institutional cross-border payments service in Brazil, targeting corporate clients that need faster and cheaper access to US dollar settlement than traditional banking systems typically provide.
The firm, which serves hedge funds, market makers, corporations, and high-net-worth clients globally through brokerage, liquidity, custody, and market infrastructure services, is positioning the expansion as a response to growing corporate demand for stablecoin-based treasury and payment solutions in Latin America's largest economy.
To lead the effort, Blockchain.com has appointed Fabrizio Spada as General Manager of Brazil, a financial payments professional who will also oversee trading across Latin America.
Fabrizio Spada, General Manager of Brazil, Blockchain.com said:
"We're seeing growing demand from businesses that want the speed and efficiency of digital assets without the complexity traditionally associated with crypto. Our role is to provide compliant, secure, and scalable infrastructure that allows institutions to move capital globally with confidence."
The platform routes and settles international transfers using stablecoins, including USDC and USDT, automatically selecting settlement infrastructure based on the transfer's origin and destination. Blockchain.com is partnering with US banks to underpin USD settlement and payment routing as part of the end-to-end service.
The solution is aimed at enterprises managing international suppliers, payroll, treasury flows, and cross-border commerce, with the firm citing near real-time settlement and improved operational visibility as key features. The infrastructure is designed to sit alongside existing traditional banking connectivity rather than replace it entirely, giving clients access to both fiat and digital asset ecosystems.
For many businesses in Brazil and broader Latin America, accessing US dollars through conventional trade banks has historically involved capital limits, complex international transaction fees, and extended settlement timelines.
Blockchain.com's service is positioned as a lower-cost alternative to traditional international wire transfers.
Brazil is described by Blockchain.com as one of the most strategically important markets in Latin America, citing the country's digital payments landscape, institutional participation, and increasing uptake of blockchain-based financial services. Following the Brazilian launch, the firm plans to extend the same cross-border liquidity and settlement capabilities to additional markets across the region.
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