Transfero

Transfero is a Latin American fintech and blockchain infrastructure company whose core business is connecting fiat and crypto payment rails so that businesses can move money across borders at reduced cost and with regulatory compliance. The company was founded in 2015, with its Swiss holding entity, Transfero Swiss AG, incorporated in 2017 and headquartered in Zug, Switzerland. Operations are centered on Brazil and the broader Latin American market, with offices in Rio de Janeiro and a CEO in Thiago Cesar.

What Transfero Does

Transfero describes its offering as "global financial infrastructure to move money across borders, currencies, rails." Its flagship developer product is BaaSiC (Banking-as-a-Service iC), a REST API that unifies local payment rails and blockchain networks into a single integration layer. The API covers the full lifecycle of a payment: accounts, deposits (pay-in), withdrawals (pay-out), on-ramp and off-ramp conversions between fiat and crypto, currency trading with quote-and-accept flows, and webhook-based event callbacks. Businesses integrate BaaSiC to offer their users banking features, crypto custody, and payment services without building separate connections to each underlying network.

In Brazil, pay-ins and pay-outs use Pix, the central bank's instant payment system that settles in seconds around the clock. In Argentina, the API supports CBU and CVU transfers between traditional bank accounts and digital wallets. The API documentation also details Tax ID handling — CPF and CNPJ in Brazil, SSN and EIN in the United States — reflecting the cross-jurisdiction compliance work built into the platform.

Transfero supports 33 distinct cryptocurrencies across roughly 25 blockchain networks, including Bitcoin, Ethereum, Solana, BNB, Avalanche, XRP, Stellar, Arbitrum, Polygon, and a range of DeFi tokens. The platform reaches 117-plus pay-out markets globally and, as of 2025, has processed more than 8.8 million transactions.

Beyond the developer API, Transfero also operates a retail crypto exchange where individual users can buy and sell BTC, ETH, SOL, USDC, USDT, and BRZ, as well as PanoramaCrypto, a Portuguese-language crypto media and education platform.

BRZ: The Brazilian Real Stablecoin

Transfero's most significant contribution to the on-chain ecosystem is BRZ, a stablecoin pegged 1:1 to the Brazilian Real. Launched in 2019, BRZ is backed by BRL-denominated reserves and independently audited. Transfero calls it the largest non-dollar stablecoin by recognition in Latin America. Each token is redeemable for one Brazilian Real, and the reserve is publicly verifiable on-chain.

BRZ operates across a broad set of networks — Ethereum, Solana, BNB Chain, Polygon, Avalanche, Base, Stellar, Algorand, and others — with Solana emerging as the dominant chain by supply. As of mid-2025, roughly 200 million of the approximately 274 million total BRZ tokens in circulation reside on Solana using the Token-2022 standard, representing around 73 percent of total supply. That concentration reflects Solana's speed and low transaction costs, which suit the high-frequency, small-denomination payment patterns common in Latin American commerce.

Beyond BRZ, Transfero has expanded its stablecoin suite to cover other regional currencies. ARZ tracks the Argentine peso and CLZ tracks the Chilean peso, positioning the company as a broader Latin American stablecoin issuer rather than a single-currency operation.

Solana Integration

Transfero's Solana presence extends beyond issuing BRZ on the network. In early 2026, the first credit market denominated in Brazilian Real launched on Solana through a collaboration between Loopscale and Etherfuse. The market pairs BRZ with TESOURO, Etherfuse's tokenized representation of Brazilian government treasury bonds, allowing on-chain lenders and borrowers to denominate positions in BRL for the first time on Solana. This development is significant because it begins to build a local-currency DeFi stack for Latin American users who have historically faced currency risk when participating in dollar-denominated lending protocols.

The growth of BRZ on Solana also forms part of a broader trend in non-USD stablecoins on the network. According to The Defiant, citing Dune Analytics data, unique senders of non-USD stablecoins on Solana nearly tripled year-over-year, with EURC and BRZ as the primary drivers. Solana's sub-second transaction finality and near-zero fees make it practical for everyday cross-border payments at the value sizes that dominate Brazilian remittance and commerce flows.

Interoperability and Wormhole Partnership

In November 2024, Transfero selected Wormhole as its exclusive cross-chain interoperability provider, using Wormhole's Native Token Transfer (NTT) framework to move BRZ across chains. NTT allows Transfero to maintain ownership of the BRZ token contracts on each supported chain rather than wrapping the token through a third-party bridge. The arrangement is designed to consolidate liquidity and preserve a unified BRZ supply across Ethereum, Solana, and other networks, reducing fragmentation that would otherwise make the stablecoin harder to use in DeFi and payment applications simultaneously.

Regulatory Standing

Transfero obtained a payment institution license from the Central Bank of Brazil in 2023, establishing a regulated operating framework in its primary market. BRZ operates under the Bahamas' Digital Assets and Registered Exchanges Act through the Swiss holding structure. The Brazilian regulatory environment has grown more structured since the country passed a Virtual Assets Law in 2022 and the central bank issued implementing regulations in 2025, requiring crypto service providers to register as licensed payment institutions. Stablecoins account for as much as 90 percent of crypto transaction volume in Brazil, according to Chainalysis, making the regulatory build-out consequential for the overall market and favorable for established, licensed operators like Transfero.

Summary

Transfero is an active company providing payment infrastructure for businesses targeting Latin America, most distinctively through BRZ, a Brazilian Real stablecoin that has established a dominant on-chain footprint on Solana. Its BaaSiC API connects fiat banking rails — PIX in Brazil, bank transfers in Argentina — with multi-chain crypto settlement, serving over 117 pay-out markets. The company's combination of a licensed regulatory posture, a live stablecoin with substantial Solana liquidity, and growing DeFi integrations through platforms like Loopscale makes it one of the more established bridges between traditional Latin American finance and on-chain infrastructure.