Corpay, Inc. announced a partnership with stablecoin infrastructure platform BVNK on Monday to embed digital asset wallets and settlement capabilities into its platform.
The move signals a shift toward always-on payment rails for corporate treasury management, reducing the reliance on traditional banking hours for global fund transfers.
Based in Toronto, Corpay will allow its corporate customers to view stablecoin balances alongside traditional fiat currencies [1]. This integration is designed to expand the company's multi-rail payment capabilities and digital-asset strategy [1], [2]. By utilizing BVNK's infrastructure, Corpay aims to provide a more seamless transition between traditional finance and blockchain-based assets.
The new service provides 24/7 settlement options, removing the delays typically associated with cross-border banking cycles [3]. This capability will be made available to approximately 800,000 corporate clients [4].
While some reports suggest the company has also integrated blockchain-based settlement through a deal with JPMorgan Chase, other primary sources only identify BVNK in the current announcement [4], [5]. The partnership focuses on providing a unified interface where users can manage both digital and traditional assets in one place [1].
Corpay, which is traded on the NYSE under the ticker CPAY, is positioning itself to capture the growing demand for stablecoins in B2B transactions [1]. The company said the integration will help global customers optimize their liquidity and speed up payment processing [2].
“Corpay will allow its corporate customers to view stablecoin balances alongside traditional fiat currencies.”
The integration of stablecoins into a platform serving nearly a million corporate clients represents a significant step in the institutional adoption of digital assets. By bypassing the traditional SWIFT system's time constraints, Corpay is transitioning from a traditional payment processor to a hybrid fintech provider, reflecting a broader trend where S&P 500 firms are embedding blockchain rails to increase capital efficiency.
