Rizon

Rizon is a non-custodial stablecoin app that turns USDC and USDT into a fully functional dollar-denominated financial account — Visa card, cross-border transfers, and virtual banking rails included — available in more than 110 countries.

What It Is

Launched in August 2025 by a team based in Vilnius, Lithuania, Rizon occupies the intersection of stablecoin wallet and global neobank. The core proposition is straightforward: users deposit stablecoins from any supported blockchain, receive a virtual USD account with ACH routing (or a SEPA account for European users), and can immediately spend, send, or save those dollars anywhere Visa is accepted. No traditional bank account is required. The app targets freelancers, digital nomads, expats, and anyone in the world who needs reliable dollar access outside the U.S. financial system.

The company entity, Rizon Global, Inc., operates as a software platform. Payment card and custody services are provided through Nimbus LLC, a subsidiary of Signify Holdings (also known as Rain), while wallet infrastructure runs on Privy, a non-custodial embedded wallet provider. This layered structure means Rizon handles product and user experience while specialized regulated partners handle card issuance and compliance.

Core Mechanism

At the center of Rizon is a self-custody wallet. Users control their own private keys, secured through biometric authentication — Face ID and passkeys — rather than a traditional password or custodial arrangement. Privy's infrastructure enables this without forcing users through the typical seed-phrase-first crypto onboarding flow; accounts can be set up quickly from a mobile device.

Once a wallet is created, users fund it by depositing USDC or USDT from any of the supported blockchain networks: Solana, Ethereum, Base, Polygon, Arbitrum, Avalanche, Optimism, BNB Smart Chain, NEAR, and others. The multi-chain deposit layer means Rizon is chain-agnostic at the funding level — a user holding USDC on Solana can deposit directly without bridging to another network first.

From there, the deposited stablecoins back a virtual dollar account. Spending works through a physical or virtual Visa Platinum card, accepted at over 100 million merchants globally and via Apple Pay and Google Pay. ATM withdrawals in local currencies are also supported, with a 2% fee plus $3.00 per withdrawal. Peer-to-peer transfers use "RizTag," a username-based system, alongside email, phone number, and traditional bank account options.

Features and Supported Assets

Rizon supports USDC and USDT as the primary assets. USDC is the platform's featured stablecoin, backed by a formal partnership with Circle and listed in Circle's Alliance Directory. USDT is also supported for deposits and transfers.

Key features include:

• Cross-border transfers to 122 countries in 70+ destination currencies, with fees up to 0.25% per transfer. Rizon claims transfers complete in approximately 3.2 seconds and cost up to 89% less than traditional wire alternatives.
• Virtual USD accounts with ACH routing numbers, allowing users to receive salary, freelance payments, or other bank transfers directly into their Rizon account.
• Virtual SEPA accounts for European users, enabling euro-denominated deposits and withdrawals.
• Cashback and rewards through the RizPoints loyalty program, with 2.5% cashback on eligible purchases.
• Tokenized stock purchases via Backed Finance AG, allowing users to buy fractional exposure to assets like Apple and Tesla shares directly within the app. Availability is noted as subject to terms and country restrictions.
• No account maintenance fees and no spending limits on the core card product. ATM withdrawals are capped at $250 per day.

The app is available on iOS and Android, with 250,000+ users reported as of mid-2025.

Solana Integration

Solana is one of the directly supported deposit networks. Users holding USDC on Solana — the most liquid USDC market by on-chain volume — can fund their Rizon account in a single transaction without bridging. This matters practically: USDC on Solana settles in under a second at fees typically well under a cent, making it one of the most efficient funding paths into Rizon's payment layer. The platform's inclusion of Solana alongside Ethereum, Base, and Arbitrum positions it as genuinely multi-chain rather than Ethereum-only.

Team and History

Rizon was co-founded by Ignas Survila (CEO) and Laurynas Jokubaitis. Survila is a serial entrepreneur and twice-exited founder. Jokubaitis previously founded and sold a crypto-loyalty startup that raised $37 million, and co-founded Heiko Network, which received backing from Lightspeed Faction. The company is incorporated and headquartered in Lithuania.

The product entered public availability in August 2025. Prior to that, blog content and app store listings indicate development began in early 2025. No public funding round has been disclosed.

Survila described the company's thesis at launch: "For the first time in history, we're witnessing the rise of a truly internet-native financial system centered around one simple, powerful idea: a dollar in the cloud."

Security and Compliance

Rizon's security model centers on non-custodial design: users hold their own keys, and Rizon's software layer cannot unilaterally access or freeze funds at the wallet level. Biometric authentication replaces traditional passwords as the primary access mechanism. The platform advertises "dual-layered security" without specifying the exact implementation detail publicly.

On the compliance side, card and payment services are licensed through Rain (Nimbus LLC / Signify Holdings), which holds the necessary money transmission and e-money licenses for the regions served. Rizon explicitly notes in its terms that it is a software company, not a financial institution, and that regulated functions are handled by Rain. Geographic availability for card features is presently concentrated in the United States and Latin America, though transfers reach a broader 110+ country footprint.

No independent security audits of the wallet infrastructure or smart contracts are listed on the public-facing site. Because Rizon relies on Privy for wallet technology rather than bespoke on-chain programs, the relevant audit surface is primarily Privy's infrastructure rather than Rizon-specific contracts.

Context

Rizon enters a crowded but still-maturing segment: stablecoin-backed global payment apps. Competitors include Bitso, Copperx, and others targeting remittance corridors and the unbanked. What differentiates Rizon's stated position is the combination of self-custody versus custodial neobank alternatives, multi-chain funding versus single-chain apps, and a consumer-facing card product that works anywhere Visa is accepted without requiring users to understand blockchain mechanics.

For Solana users in particular, Rizon offers a practical off-ramp path: USDC earned or held on Solana can flow directly into a spendable dollar account without touching a centralized exchange.