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Banxa, the regulated payments and compliance infrastructure provider, is now live on the Fireblocks Network for Payments, giving institutional clients in Canada, Australia, and the Eurozone a direct pipeline between fiat currencies and digital assets. The integration means Fireblocks users can access Banxa’s on-ramp and off-ramp services without stitching together custom integrations.
The move plugs Banxa into a network that processes over $100 billion in monthly stablecoin transaction volume, according to Fireblocks. For a company that holds regulatory licenses in more than 45 jurisdictions and already operates in 200 countries, the partnership is less about geographic expansion and more about capturing the institutional wallet.
What the integration actually does
At its core, the Fireblocks Network for Payments connects on/off-ramp providers, payment rails, and stablecoin infrastructure into a single layer that institutional clients can tap through a console or API. Fireblocks customers connect directly to Banxa for fiat-to-digital asset conversions using the console or API.
Banxa’s services on the network cover five fiat currencies: CAD, AUD, EUR, GBP, and USD. Each market comes with regionally appropriate payment methods. Canadian users get Interac, Australia gets PayID/NPP, and European clients connect via SEPA transfers.
The Fireblocks Network for Payments itself launched in September 2025, designed to span more than 100 countries and 60 fiat currencies. Compliance tooling is baked in, which matters when you’re routing institutional money across borders. Banxa’s addition as a featured provider means it sits alongside other on/off-ramp services that Fireblocks has curated for its client base.
The numbers behind the partnership
Banxa has been running on Fireblocks infrastructure since at least early 2026, and the operational data so far paints a picture of reliability at scale. The company has processed more than 475,000 transactions through the integration, with an outgoing success rate of 99.1%. That volume translates to over $220 million in total transaction value.
A 99.1% success rate might not sound dramatic until you consider what the remaining 0.9% means at scale. On 475,000 transactions, that’s roughly 4,275 failures. In traditional payment processing, success rates above 98% are generally considered strong.
The $220 million figure, while substantial, is modest compared to the broader network. Fireblocks reports over $100 billion in monthly stablecoin transaction volume across its full platform.
Banxa has also emphasized gas fee savings as a benefit of the integration, though specific figures on those savings weren’t disclosed.
Why institutions care about on-ramp plumbing
Banxa’s licensing footprint across 45-plus jurisdictions is designed to absorb regulatory complexity. The company handles the regulatory requirements in each market, so Fireblocks customers don’t need to figure out whether their Canadian dollar conversion meets FINTRAC requirements or whether their euro transaction complies with MiCA.
The competitive landscape for on/off-ramp providers is crowded, with companies like MoonPay, Transak, and Ramp Network all vying for institutional and retail clients. Banxa’s differentiation has traditionally centered on its regulatory breadth and multi-market payment method support. Being embedded directly in the Fireblocks Network gives it a distribution advantage that competitors will need to match, either by joining the same network or by securing comparable institutional partnerships elsewhere.
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