Brale

Brale is a regulated stablecoin infrastructure platform that lets businesses issue, manage, and settle their own fiat-backed tokens across 27+ blockchains through a unified API covering issuance, custody, compliance, and payments.

What It Is and Does

Founded in November 2021 by Ben Milne, Brale provides end-to-end infrastructure for launching and operating regulated, fiat-backed stablecoins. Rather than issuing its own proprietary stablecoin, Brale gives companies—payment platforms, fintechs, tokenization projects, and financial institutions—everything needed to create and manage branded digital currencies at scale.

The core proposition is consolidation: where previously building a compliant stablecoin required integrating separate vendors for banking relationships, custody, blockchain connectivity, KYC, and compliance reporting, Brale packages all of these into a single system accessible via a unified API.

How It Works

At the center of Brale's platform is the full mint-and-burn lifecycle for fiat-backed tokens. When a client or their end user deposits fiat via ACH, wire, or RTP, Brale mints an equivalent amount of the client's stablecoin on the target blockchain. When users redeem, Brale burns the on-chain tokens and routes fiat back through the appropriate payment rail.

The platform runs compliance checks at mint and redemption—KYC and KYB for individual and business customers, plus sanctions screening—so clients do not need to build or maintain separate compliance stacks. Brale holds state money transmitter licenses covering 45 US jurisdictions as a registered Money Services Business.

Reserve management is handled in-platform: daily reconciliation reports and monthly reserve attestations give clients and regulators visibility into backing assets.

Key Features

Multi-rail payment routing: ACH (integrated via Plaid), wire, RTP, and on-chain transfers are handled natively within the platform.

27+ blockchain networks: Supported chains include Solana, Ethereum and its L2s (Arbitrum, Optimism, Base, Polygon), Stellar, XRP Ledger, Avalanche, Hedera, Algorand, TRON, Celo, Monad, StarkNet, Canton, and others.

SOC 2 Type II: The platform holds this security certification, relevant for enterprise and regulated fintech clients.

Stablecoin Issuance and Tokenization APIs: Brale's APIs cover both fiat-backed stablecoin programs and broader real-world asset tokenization use cases.

Treasury management: Clients manage reserves and liquidity through the platform's built-in tools.

MCP Server: As of 2026, Brale provides a Model Context Protocol server enabling AI agents to interact with its stablecoin infrastructure programmatically.

ION Protocol

In July 2026, Brale launched ION Protocol, a cross-chain interoperability system for stablecoins. ION uses a burn-attest-mint model: tokens are burned on the source chain, the issuer attests to the burn event, and an equivalent amount is minted on the destination chain. This eliminates the pre-funded liquidity pools that conventional bridges require, reducing capital lock-up and removing a scaling bottleneck for custom stablecoin programs that need to operate across multiple chains simultaneously.

ION launched on testnet with ecosystem partners including Monad, Rain, Coinflow, Turnkey, Etherfuse, Spark, and Canton.

Tokens and Assets on Solana

Brale's most prominent Solana-native stablecoin is MXNe, a Mexican Peso-backed token launched in May 2024 in partnership with Etherfuse. MXNe was the first Mexican Peso-backed stablecoin on Solana and Stellar, offering 1:1 redemption for MXN. The token targets remittances, payroll, and on-chain payments within Mexico's economy, benefiting from Solana's sub-one-cent transaction costs and subsecond finality.

Coinflow, a payments infrastructure platform operating on Solana, uses Brale's backend to power cfUSD. Brale describes Solana specifically as "a scalable, low-fee blockchain optimized for payments and consumer applications" among its 27+ supported networks. Wallet integrations on Solana include Phantom and Solflare, and Magic Eden is listed among exchange integrations.

Scale and Metrics

As of mid-2026, Brale manages more than 100 stablecoin programs in production, has processed over $10 billion in cumulative mint and burn activity, and handles billions in annual transaction volume. The platform integrates with 28+ wallets, 28+ exchanges and DEX aggregators, and 99+ total partners.

Team and Funding

Ben Milne, CEO, previously built Dwolla—a US ACH payment infrastructure company—and has founded ten companies, four of which were acquired. Chase Merlin serves as Head of Product. In 2025, Brale raised a $30 million Series A led by Lightspeed Venture Partners, with participation from NEA, Refract, and The FinTech Fund. The round was designated for R&D acceleration, regulatory expansion across US and international markets, and incubation activity through Brale Holdings.

Solana Ecosystem Fit

Brale's relevance to Solana centers on enabling fiat-backed stablecoin programs that leverage Solana's throughput and fee profile. MXNe demonstrates the thesis directly: a peso-denominated stablecoin that would be economically impractical on a high-fee chain becomes viable at Solana's transaction costs. Coinflow's cfUSD extends Brale's Solana footprint into payments infrastructure serving merchants and platforms.

As ION Protocol matures, Solana-issued stablecoins built on Brale will be able to move cross-chain without liquidity pool overhead, expanding reach to the full 27+ chain ecosystem. For Solana-based payment platforms, DeFi protocols, or institutions pursuing regulatory-grade stablecoin issuance, Brale offers a pathway that avoids building custody, compliance, and banking integrations from scratch.