Remi's Cross-Border Stablecoin Settlement Network Gains Cregis as Security Partner
Cregis, a Hong Kong-based digital asset custody and payments infrastructure provider, will supply the security and key-management layer for Remi Technology's cross-border stablecoin settlement network, a system designed to move regulated digital money between licensed banks. The agreement places Cregis alongside Bison Bank, the Portuguese lender whose euro- and dollar-referenced tokens give the network its regulated settlement asset. Between them, the three firms are assembling the plumbing for banks, payment service providers and foreign-exchange brokers to settle digital asset transactions across borders without stepping outside their existing compliance frameworks.
The structure divides one task across three balance sheets. Bison Bank, supervised as a crypto-asset service provider under the European Union's MiCA regime, issues the regulated tokens and provides the banking environment. Remi, a Singapore fintech, connects the participating institutions and runs settlement and compliance coordination. Cregis provides the custody and security stack. No single firm owns the full chain.
What are the three firms actually building?
The network is a settlement rail for regulated institutions. It moves money between banks rather than serving retail crypto traders. Remi's layer handles structured data exchange, know-your-customer and anti-money-laundering checks, transaction screening, the Travel Rule and ongoing compliance monitoring. Cregis supplies wallet infrastructure, fund-flow management and institutional custody, secured with multi-party computation, hardware security modules and trusted execution environments. The settlement instrument is Bison Bank's pair of electronic money tokens, EUB and USB, launched in early May 2026 and referenced to the euro and the US dollar respectively.
Shawn Yan, chief executive of Cregis, framed the firm's role around fit rather than novelty, arguing that once digital assets enter regulated markets, institutions need those assets to sit inside their existing controls for access, risk and governance rather than beside them. Sam Su, chief executive of Remi, described the partnership as a split of responsibilities, with Bison supplying the banking foundation, Remi the connectivity and settlement logic, and Cregis the underlying security.
Why does a settlement network need three separate providers?
Because institutional digital asset settlement is separating into layers, and few firms hold more than one. A regulated bank willing to issue on-balance-sheet tokens is scarce; a compliance-native settlement network is a different discipline again; bank-grade custody is a third. Splitting the work lets each partner specialise and lets the others plug in.
The division also reveals how far each partner has travelled. Remi's clearing system, benchmarked against SWIFT and built on the Sui blockchain, launched in September 2025 and is positioned as compliant cross-border infrastructure for licensed banks. Cregis, founded in 2017, says it supports more than 4,000 businesses across over 50 countries and introduced its Trust Vault institutional custody product in 2025. Bison Bank went further still in June 2026, becoming the first Portuguese bank authorised directly as a MiCA crypto-asset service provider, folding in its Bison Digital Assets subsidiary, which had served around 275 clients and handled roughly 165 million euros in trading volume during 2025.
How big is the cross-border stablecoin opportunity?
Smaller than the headlines suggest, and concentrated in exactly the corner this partnership targets. Stablecoins moved roughly 35 trillion dollars in gross transaction volume in 2025, but most of that is trading, internal transfers and automated activity. Actual payment use is far lower: a joint analysis by McKinsey and Artemis put real stablecoin payments at about 390 billion dollars for the year, or around 0.02 percent of global payments volume.
The growth is lopsided. Business-to-business payments account for roughly 226 billion dollars of that total, close to 60 percent, and rose about 733 percent year on year. Cross-border B2B settlement is therefore both the largest and the fastest-moving slice of genuine stablecoin payments, and it is the use case a bank-anchored, compliance-first network is built to capture.
Why This Matters to FinanceX Readers
For banks, payment service providers and FX brokers, the signal is where the money is forming up. Stablecoin settlement is professionalising around regulated issuers, bank-grade custody and compliance tooling, and the commercial pull is in B2B cross-border flows rather than retail speculation.
The open question for anyone weighing a build-or-partner decision is whether networks anchored by a licensed bank can scale against the independent rails and card networks already chasing the same corridor. The partners that make custody and compliance unremarkable are the ones worth tracking.
