NoxPay files for Bank of Brazil license and FX approval
BROBROK News · Based on reporting by Livecoins ·
NoxPay said it has formally filed with Brazil’s central bank for authorization as a virtual asset service provider in an intermediation role, along with a foreign exchange license. The company presents itself as institutional liquidity infrastructure for banks, fintechs, and other platforms using stablecoins.
Key points
- Application covers SPSAV authorization and FX operations
- NoxPay says it works mainly in B2B and B2B2C models
- Company claims over US$330 million in monthly USDC volume on Stellar
- Business model links Pix with stablecoin settlement and cross-border flows
- It cites compliance, governance and on-chain monitoring tools
Why it matters
The filing shows how crypto infrastructure firms are moving toward formal regulation to serve financial institutions in Brazil. It also underscores the role of stablecoins and Stellar in institutional settlement flows.
Original headline: “NoxPay protocola pedido de licença de SPSAV e câmbio no Banco Central e se consolida como infraestrutura institucional de liquidez com US$ 330 milhões mensais na rede Stellar”
Read the original on Livecoins
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.