Transak, the global payments infrastructure provider for crypto and stablecoins, today announced a strategic agreement with Cross River Bank, a tech infrastructure provider that provides embedded financial solutions, to leverage Cross River’s fiat payment capabilities, “scaling Transak’s fiat-to-crypto and crypto-to-fiat on/off ramp services.” Via this collab, Cross River will aim to facilitate fiat payment processing for Transak, such as ACH, wire transfers, as well as instant payment rails like RTP and FedNow.
Transak also leverages real-time transaction visibility via Cross River’s fully routable, subledgers. By integrating these services, Transak is able to provide quicker settlement times, improved reliability, and better payment experiences.
Sami Start, Co-founder and CEO of Transak said that Cross River’s API-first infrastructure and regulatory footprint now aim to complement Transak’s reach as well as crypto-native compliance systems.
As a key player in instant payments, Cross River said to be is among the top processors of RTP and FedNow transactions and continues to pioneer new capabilities, including Request for Payment (RfP). More widely, the Bank has enabled more than 1 billion payment transactions across its platform since inception.
Adam Goller, Chief Fintech Officer at Cross River said that their latest collaboration with Transak brings together regulated banking rails and modern crypto infrastructure, highlighting their mission to advance financial services via constant innovation, compliance, and scale.
Transak’s infrastructure, integrated with various apps, such as MetaMask, Trust Wallet, Coinbase Wallet, is described as one of the most comprehensive crypto onboarding infrastructures.
Via this collab with Cross River, Transak brings crypto-native compliance (including user KYC, wallet KYB, and AML checks), while Cross River enables the payment integration with API-driven, compliant banking core. The companies are supporting businesses, developers, and end-users to interact with crypto.
Transak currently holds Money Transmitter Licenses (MTLs) across the U.S., and is licensed or registered in Canada, UK, EU, Australia, and India. The firm is positioned to serve as the stablecoin on/off-ramp infrastructure for cross-border platforms.
As noted in the update, Transak is the payments infrastructure for stablecoins and crypto. With its Virtual Account APIs and compliance-focused rails, Transak allows apps to onboard users, complete cross-border payments, and support multi-party payment flows.
Integrated by various apps and used by over users globally, Transak enables fiat-to-crypto and crypto-to-fiat transactions via bank transfers, cards, local payment methods, and stablecoins. Transak operates internationally, with a base in Miami as well as office locations based in in London, Bengaluru, Dubai, and Hong Kong.