We’ve partnered with Braza Group—the owner of Brazil's largest foreign exchange bank—to enable real-time FX swaps between Brazilian reais and either U.S. dollars or euros, powered by stablecoins. This marks a major step forward in expanding stablecoin adoption at scale.
This partnership integrates Braza Group’s BBRL — a stablecoin backed 1:1 by the Brazilian Real — into Conduit’s global payment infrastructure. It enables FX settlements between Brazil, the United States and Europe in just minutes, replacing legacy systems that typically take days.
Braza Group processed over $67 billion in transactions in 2024 and launched BBRL in February 2025 as part of its broader investment in stablecoin infrastructure. Through this collaboration, BBRL can now be minted and swapped for a USD-backed digital asset on Conduit’s platform — allowing for faster, more efficient cross-border payments between two of the largest economies in the Americas.
“Creating seamless on-ramps between fiat and digital currencies, together with onchain stablecoin FX swaps, has the potential to completely transform how cross-border payments are made,” said Kirill Gertman, CEO of Conduit. “Partnering with Braza Group has been exciting in many ways: they fully embraced the vision of what we could build together, unlocking something truly innovative.”
This marks another milestone in our growth. Since launching in late 2023, we’ve processed over $10 billion in annualized payment volume and closed a $36 million Series A round. Partnering with Braza Group helps us expand our liquidity network and continue building a faster, more programmable cross-border payment system.
"Grupo Braza's investment in the BBRL stablecoin aims to help Brazilians connect with the latest financial innovations on the global stage and enable local businesses to optimize their operations," said Arthur Carvalho, Head of Digital Assets at Grupo Braza. "Conduit's strong commitment to expanding the benefits of stablecoins globally and creating a more inclusive and transparent financial ecosystem made them a natural partner for us."
By combining deep liquidity with programmable infrastructure, this partnership supports faster and more reliable international settlements at scale. It’s a meaningful step forward in our mission to modernize cross-border payments.