Gain full, real-time visibility of multi-currency balances, deposits, and transfers – all managed in one place.
Companies across world rely on USD to pay global suppliers, hire international talent, settle cross-border transactions, and maintain stability in highly volatile currency markets.
However, opening bank accounts in foreign currencies typically involves complex regulatory requirements, high costs, and often the need to establish a legal entity in those regions, creating a significant barrier for businesses looking to expand globally.
With this in mind, Conduit has officially launched its new Multicurrency Virtual Account feature, fully integrated into the platform.
With this new tool, customers gain access to a real banking infrastructure in USD, with full visibility of balances, deposits, and transfers - both domestic and cross-border. Businesses around the world can now have a multicurrency account in their own name, without the need to establish a legal entity.
This new feature represents a significant step forward for companies operating with international financial flows, by enabling the management of fiat and stablecoin payments from a single account, with fund transfers carried out with unprecedented simplicity.
Available to Conduit customers in more than 100 countries, the new feature offers the best of both worlds: a multicurrency account in the customer’s own name and a modern payment infrastructure powered by stablecoins.
With this new capability, available through both the web app and API, companies can:
Provide a dedicated bank account with a unique account number, allowing clients to operate a full corporate treasury account. Intended for corporate clients who need a dedicated multi-currency account to manage day-to-day corporate operations, handling working capital and managing liquidity.
Clients can issue unique virtual accounts to their own customers, enabling them to access all capabilities of this feature. Scalable, publicly addressable virtual accounts that map to underlying regulated bank accounts segregated from the client’s own operating funds, ensuring clear fund separation and regulatory alignment.
With the Virtual Account, companies and their clients gain greater autonomy and control over its funds, enabling seamless orchestration between fiat and stablecoins. In markets with high currency volatility, such as countries in Latin America and Africa, this feature provides a significant competitive advantage, helping reduce transaction costs and take advantage of more favorable exchange rates, thus improving business liquidity.
This visibility and ability to move funds reduces operational bottlenecks and significantly increases efficiency in several areas, such as treasury operations, vendor payments, global payroll, and revenue collection, among other use cases.
The solution also enables consolidated and automated management of multiple client balances through Conduit’s API, offering greater flexibility, especially for financial service providers operating at scale.
Enabled through partnerships with over 20 regulated banks – including 6 live banking partnerships in the United States – the solution also provides full ledgering of all transactions, ensuring security, traceability, and compliance for the operations.
Virtual Accounts are now available on Conduit, built for global businesses that require efficient cross-border money movement and a localized payment experience free of barriers and bureaucracy.
They are ideal for optimizing your cross-border operations and for generating new revenue streams for your business by offering this strategic product to your customers.
Get the best of both worlds: multicurrency accounts and a payment operating system powered by stablecoins - all in one place. Talk to our experts team to learn more.
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