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Conduit clients and their customers in more than 100 countries globally will be able to open dedicated bank accounts and hold balances in USD, EUR and GBP
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Account holders will be able to make near instant payouts in 15 fiat currencies, as well as with stablecoins like USDT and USDC.
Conduit, a leading cross-border payments platform powered by stablecoins, unveiled its new multicurrency virtual accounts , enabling customers to receive dedicated virtual bank account numbers and international bank account numbers (IBANs) mapped to regulated bank accounts. This will allow Conduit customers to hold USD, EUR & GBP on one platform and make fiat or stablecoin payments globally with unprecedented simplicity.
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This new offering brings a new level of ease and access for any business making payments globally. These accounts allow for near-instant pay-ins and pay-outs in 15 fiat currencies and multiple stablecoins.
This new offering brings a new level of ease and access for any business making payments globally. These accounts allow for near-instant pay-ins and pay-outs in 15 fiat currencies and multiple stablecoins. They come with unique account numbers tied to each customer, and allow named inbound deposits, as well as named payouts via major global payment rails like SWIFT and Fedwire, among others. They allow businesses to make payments wherever they need to send money globally, easily connecting them to major hubs like the US and China, and over 100 other countries.
Conduit’s virtual accounts combine the benefits of stablecoins with the maturity and reliability of traditional banking infrastructure. They are supported by Conduit’s partnerships with nearly 30 banks globally, with a rapidly growing network of US banking partners that includes six bank partners currently live. They provide regulatory assurance through best-in-class compliance functionality, and allow for customizable fees on a per-customer and per-transaction basis.
Conduit clients can open two types of virtual accounts:
- Corporate Treasury Accounts: Provide a dedicated bank account with a unique account number, allowing clients to operate a full corporate treasury account. Clients can hold their own funds, and send and receive named payments with fiat or stablecoins. Intended for corporate clients who need a dedicated multi-currency account to manage day-to-day corporate operations, handling working capital and managing liquidity.
- Customer Virtual Accounts: 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. Clients can issue unique virtual accounts to their own customers – enabling those customers to receive named deposits, make named payouts, and transact with counterparties in fiat or stablecoins.
“Our new virtual accounts showcase the power of Conduit’s vision, to allow customers anywhere in the world to send or receive any currency they need to, at any time. They unite fiat and stablecoin money flows, in a powerful and simple way,” said Kirill Gertman, co-founder and CEO of Conduit. “We’ve seen how existing infrastructure fails businesses globally, and think this can be a major answer. These accounts give customers all the functionality they expect from a bank account, connecting them to the major global payment rails like SWIFT they need to access, and all of the major hubs they need to make payments to.”
Conduit expects its virtual accounts to allow companies to build unique embedded finance tools, and simplify payment flows for everyone from banks and non-bank financial institutions, to marketplaces, payroll and trading platforms. This announcement is the latest in a series of key milestones since the platform’s launch in September 2023. In May 2025 it announced its $36 million Series A fundraising round.
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