Virtual IBAN providers for stablecoin firms in 2026

A 2026 report compares eight virtual IBAN providers for stablecoin firms. It identifies OpenPayd, BVNK and Clear Junction as providers of named accounts in major European currencies. The accounts help exchanges, payment companies and token issuers receive fiat transfers, match payments to customers and settle transactions against digital-asset liquidity.

The report, based on data current to Oct. 7, recorded 386 crypto-asset service providers authorised under the Markets in Crypto-Assets Regulation across 27 European Economic Area home states. It describes named virtual IBANs as the main compliance standard for stablecoin companies that handle customer funds.

A virtual IBAN is a payment reference linked to a safeguarding or settlement account held by a regulated institution. A business or customer receives payments through an assigned account number, while the provider credits the funds to a master account and records the recipient through the virtual IBAN. The same process can be used when customers exchange stablecoins for fiat currency.

Pooled accounts hold funds in the provider’s name and rely on internal records. Unnamed virtual IBANs give customers unique references but do not show their names to sending banks. Named virtual IBANs are issued in the customer’s name, allowing banks to match the beneficiary with the intended recipient and helping providers reconcile transactions.

OpenPayd offers named virtual IBANs in more than 40 currencies and wallets that support fiat and stablecoins. Its services target exchanges and larger companies. The report notes that onboarding requirements and pricing may limit access for smaller firms.

BVNK offers named virtual IBANs linked to fiat and digital-asset wallets. Businesses can accept stablecoins and convert them into dollars, euros or pounds, with payment services available in more than 130 countries. Clear Junction provides named euro and pound accounts, access to SEPA and Faster Payments, and settlement services for licensed virtual-asset service providers and electronic-money institutions. The report says Clear Junction does not serve unlicensed startups.

The other providers covered are Conduit, Bridge, Zerohash, Orbital and Nodu. Conduit focuses on dollar, euro and pound accounts and local payout services, including mobile-money coverage in 23 African countries. Bridge, owned by Stripe, has a Luxembourg electronic-money licence and a MiCA crypto-asset service provider authorisation. Zerohash supports payouts in more than 200 jurisdictions and has a stronger U.S. regulatory footprint than European IBAN coverage.

Orbital provides named euro accounts and access to SEPA infrastructure through a partnership with ClearBank Europe. Nodu holds a MiCA authorisation and a Latvian payment institution licence. Its infrastructure allows businesses without their own authorisation to offer stablecoin payment services in more than 60 countries.

The report estimates onboarding costs for crypto-related applicants at €2,000 to €15,000. Monthly minimums range from €500 to €5,000, while SEPA transfer fees range from €0.20 to €2.50. Providers may charge separately for each named IBAN and add a foreign-exchange spread. The spread can account for a large share of the total cost.

The report advises companies to verify the legal entity providing the service, the regulator, the licence or register number, and the entity holding customer funds. It also notes that EU MiCA transitional arrangements ended on July 1, 2026. Firms serving EU customers must hold the required authorisation or operate through an authorised partner.