Executive Summary
HopNow has added Utila’s institutional wallet infrastructure to expand the range of digital assets it can support for clients across its global FX and settlement platform.
The integration connects HopNow’s virtual accounts, FX liquidity, and local payment capabilities with wallets managed through Utila. Businesses can receive local currency through rails such as SEPA, SPEI, and PIX, convert those funds into stablecoins through HopNow, and settle them into wallets secured and governed through Utila. The same infrastructure supports the reverse flow, converting stablecoins into local currency for onward settlement.
Where Stablecoins Meet Local Money
Stablecoins can settle value across borders quickly, but most businesses still collect revenue, pay suppliers, and serve customers through domestic banking systems. A useful stablecoin payment stack must connect both environments.
HopNow provides the infrastructure around that connection. Its platform combines virtual accounts, stablecoin wallets, foreign exchange, and global payouts through an API and dashboard. Businesses can issue local banking details, execute currency conversions, manage stablecoins, and send funds to beneficiaries without building separate infrastructure for each function.
That model serves companies with cross-border requirements, including remittance businesses, payment service providers, fintechs, and global enterprises. HopNow gives these operators access to liquidity and settlement across more than 30 currencies, including local corridors such as EUR through SEPA, MXN through SPEI, and BRL through PIX.
Connecting those fiat capabilities to stablecoins required a wallet layer built for institutional treasury and payment operations.
Expanding Asset Coverage Across Global FX and Settlement
HopNow gives businesses a programmable way to receive, convert, and settle money globally. Its clients can create virtual accounts, access FX quotes, manage stablecoin flows, and initiate payouts through one developer platform.
As demand grew for settlement across additional stablecoins and digital assets, HopNow needed wallet infrastructure that could support broader asset coverage while meeting its requirements for security, transaction governance, and operational speed.
HopNow added Utila’s wallet infrastructure to support that expansion. Utila provides the governed wallet environment used to hold and move supported digital assets, while HopNow continues to manage the FX, liquidity, accounts, and settlement experience for its clients.
The integration allows HopNow to introduce support for additional assets faster and manage them through consistent wallet policies and transaction controls.
A Two-Way Flow Between Fiat and Stablecoins
The integration supports money moving in both directions between local banking rails and stablecoins.
For an on-ramp transaction, a business receives fiat into a HopNow virtual account. HopNow handles the required conversion and holds the resulting stablecoins in per-customer wallets powered by Utila’s infrastructure.
For an off-ramp transaction, a client instructs HopNow to convert stablecoins into local currency. HopNow moves the assets from the relevant customer wallet using Utila’s infrastructure, executes the conversion, and delivers the fiat through the appropriate local payment rail.
This removes the operational gap that often appears between a company’s bank accounts and its stablecoin wallets. The two sides become parts of one controlled settlement workflow.
What Utila Brings to HopNow’s Stablecoin Operations
Moving funds between bank accounts and blockchains introduces requirements that extend beyond creating a wallet address. HopNow needs to determine who can initiate transactions, which counterparties can receive funds, how much can move, and which approvals must be completed before execution.
Utila provides the infrastructure to enforce those decisions:
MPC wallet security: Utila’s multi-party computation architecture prevents a complete signing key from existing in one location, reducing reliance on a single person or system.
Policy-controlled execution: HopNow can configure permissions, approval thresholds, transaction limits, and approved addresses or smart contracts around its treasury and settlement flows.
API-based wallet infrastructure: HopNow can create and operate per-customer wallets, manage balances, and execute transactions through Utila’s APIs as part of its own platform infrastructure.
Operational visibility: Treasury and operations teams can review balances, pending approvals, transaction histories, and wallet activity through a consistent control environment.
These capabilities allow HopNow to expand stablecoin settlement without asking its teams to build and maintain the institutional wallet layer alongside its core FX and payments infrastructure.
Built for Cross-Border Operators
The integration supports businesses that already use stablecoins as well as companies introducing them into existing payment and treasury products.
Remittance companies and PSPs: Move funds between stablecoins and local payout rails while managing wallet activity through institutional approval and security controls.
Fintechs and neobanks: Add fiat accounts, stablecoin settlement, FX, and payouts to customer products without building each infrastructure layer internally.
Corporate treasury teams: Convert and move liquidity across currencies, bank accounts, and stablecoins while retaining direct oversight of wallet transactions.
Product and engineering teams: Connect HopNow’s financial APIs with Utila’s wallet infrastructure to build stablecoin flows behind their own interfaces.
Each group gains a clearer route between local money and stablecoin liquidity. The institution chooses how the components fit together instead of adapting its operating model to one bundled provider.
Leadership Perspectives
Both companies see stablecoins becoming part of the broader FX and settlement stack used by payment firms, fintechs, and global businesses.
“HopNow already provides the FX, liquidity, and local settlement infrastructure its clients use across more than 30 currencies. Utila gives the team the wallet infrastructure to add new asset support faster while maintaining consistent security, governance, and transaction controls.”
Bentzi Rabi, Co-Founder and CEO of Utila.
"We didn't want to choose between speed to market and institutional grade security,” commented. Speed and pricing are important to our clients who move quickly, and Utila keeps up with and matches that speed of execution for us and our clients. Security is table stakes. Utila's wallet infrastructure let us plug stablecoin settlement directly into our FX and payments stack, so our team can focus on what we do best: moving money across corridors."
Brent Traidman, Co-CEO and Co-Founder at HopNow.
The partnership gives that position a practical implementation across treasury, client settlement, and cross-border payment flows.
Build Stablecoin Settlement Around the Corridors That Matter
Businesses operating across more than 30 currencies should not have to choose between access to local payment rails and direct control over their stablecoin infrastructure.
HopNow and Utila connect both sides of the workflow. Companies can receive fiat through virtual accounts, access FX and stablecoin liquidity, and settle funds over local rails through HopNow, while Utila secures and governs the wallets behind every stablecoin transaction.
Speak with the Utila team to see how HopNow and Utila can support your cross-border payments, treasury operations, or stablecoin on- and off-ramp infrastructure.
Utila - Digital Asset Infrastructure
Managing digital assets at scale?
Schedule a 15-minute walkthrough of Utila’s wallet and stablecoin infrastructure.
