Sul Payments Launches eSettlement Platform: Automated EUR ↔ USDC Settlement via IBAN

SUL Payments SA officially launched its eSettlement Platform, an automated settlement infrastructure enabling real-time conversion and settlement between EUR and USDC via each client’s own dedicated virtual IBAN (vIBAN). The platform is fully MiCAR-compliant and designed to bridge the gap between traditional financial rails and on-chain liquidity.

What the eSettlement Platform Does:

The eSettlement Platform automates the full cycle of EUR/USDC conversion and settlement. Clients receive a dedicated virtual IBAN, enabling them to send and receive EUR via standard SEPA infrastructure while the platform handles real-time stablecoin conversion and settlement in the background. The result is a seamless, low-friction payment flow that eliminates the need for multiple intermediaries and legacy correspondent banking chains.

Key capabilities of the platform include:

• Faster settlement cycles compared to legacy correspondent banking

• Reduced reliance on multiple intermediaries across the settlement chain

• Improved transparency and automation in FX and settlement flows

• Full MiCAR compliance, ensuring regulatory alignment across EU/EEA markets

• A structural bridge between TradFi payment rails and on-chain USDC liquidity

Strategic Significance:

The launch positions SUL Payments at the intersection of traditional payment infrastructure and stablecoin settlement. By embedding USDC liquidity directly into the vIBAN workflow, the platform removes the operational friction that has historically prevented institutional clients — including crypto exchanges, DeFi platforms, payment processors, and corporate treasury desks — from fully integrating on-chain settlement into their operations.

The platform is built to serve businesses that move significant volumes across borders and require predictable, cost-efficient settlement without the delays and opacity of multi-correspondent chains. By leveraging USDC as the settlement layer and dedicated vIBANs as the entry and exit point, SUL Payments offers a model that is both operationally practical and regulatory-forward.

“The eSettlement Platform represents what we have been building towards since day one: a settlement infrastructure that speaks both languages — the language of traditional finance and the language of on-chain liquidity. Our clients no longer have to choose between the familiarity of IBAN-based flows and the efficiency of stablecoin settlement. With this launch, they get both, under a single, MiCAR-compliant framework that meets the standards we hold ourselves to as a Swiss-regulated operator.”

— Tilmar Wilhelm Goos, Chief Executive Director, SUL Payments SA

“What makes this platform compelling from an execution standpoint is its operational simplicity. Clients interact with a standard vIBAN — the infrastructure they already understand — while the complexity of stablecoin conversion and settlement is handled entirely in the background. This dramatically lowers the integration barrier for institutions that want to benefit from on-chain settlement speed without overhauling their existing payment operations.”

— Christian Carneiro Ribeiro, Executive Director, SUL Payments SA

Looking Ahead:

SUL Payments will continue to expand the eSettlement Platform’s capabilities, with further development across additional settlement corridors, third-party payment integrations, and OTC desk connectivity. The company is actively onboarding institutional clients and invites businesses seeking more efficient settlement and third-party payment infrastructure to reach out directly.

For partnership inquiries and platform demonstrations, contact SUL Payments SA via the website or DM directly on LinkedIn.

About SUL Payments SA:

SUL Payments SA’s mission is to provide tailored TradFi and Web3 payment solutions that enable businesses to meet customer preferences across global markets. Headquartered in Switzerland and operating under established regulatory frameworks, SUL Payments combines a strong compliance foundation with deep expertise in cross-border settlement, stablecoin infrastructure, and liquidity management.

By operating as a one-stop-shop gateway for cross-border payments and settlement, SUL Payments enables companies to access local payment methods, work with established banking infrastructure, and execute transactions in an efficient, timely, compliant, and seamless manner. The company’s vision is to contribute to a seamless financial future by bridging traditional finance (TradFi) and the decentralised web (Web3), empowering clients with secure, flexible, and compliant payment solutions.

Website: www.sulpayments.ch

VQF Membership No: 101150

LEI: 506700L9IE70Y921EF12