Miami, Florida, October 23rd, 2025, Chainwire
With Cross River’s industry-leading infrastructure, Transak scales its fiat-to-crypto on/off ramp services
Transak, the global payments infrastructure provider for crypto and stablecoins, today announced a strategic agreement with Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, to leverage Cross River’s fiat payment capabilities, scaling Transak’s fiat-to-crypto and crypto-to-fiat on/off ramp services.
Through this collaboration, Cross River will facilitate fiat payment processing for Transak, including ACH, wire transfers, and instant payment rails such as RTP and FedNow. Transak also utilizes real-time transaction visibility via Cross River’s fully routable, subledgers. By integrating these services, Transak can deliver faster settlement times, greater reliability, and innovative payment experiences for millions of users worldwide.
“This is a foundational step toward making stablecoin and crypto access as intuitive and compliant as online banking,” said Sami Start, Co-founder and CEO of Transak. “Cross River’s API-first infrastructure and regulatory footprint perfectly complement Transak’s global reach and crypto-native compliance systems.”
As a leader in instant payments, Cross River is among the top processors of RTP and FedNow transactions and continues to pioneer new capabilities, including Request for Payment (RfP). More broadly, the Bank has powered over 1 billion payment transactions across its platform since inception, underscoring its scale and reliability.
“Cross River has always been at the forefront of embedded finance, shaping how money moves in a digital-first world,” said Adam Goller, Chief Fintech Officer at Cross River. “Our collaboration with Transak brings together regulated banking rails and modern crypto infrastructure, underscoring our mission to advance financial services through innovation, compliance, and scale. As a leader in instant payments, we’re proud to leverage our proven infrastructure to power Transak’s efforts to onboard the next generation of crypto users.”
Transak’s infrastructure, already integrated with 450+ applications, including MetaMask, Trust Wallet, Ledger Live, and many others, is one of the most comprehensive and user-friendly crypto onboarding infrastructures. Through this collaboration with Cross River, Transak brings deep crypto-native compliance (including user KYC, wallet KYB, and AML checks), while Cross River powers the fiat payment integration with its API-driven, compliant banking core. Together, the companies are empowering businesses, developers, and end-users to interact with crypto confidently and efficiently.
Transak holds Money Transmitter Licenses (MTLs) across the U.S., and is licensed or registered in Canada, UK, EU, Australia, and India, with UAE and Hong Kong next in line. The company is now positioned to serve as the stablecoin on/off-ramp infrastructure for cross-border platforms, wallets, and financial apps.
About Transak
Transak is the payments infrastructure for stablecoins and crypto. With its Virtual Account APIs and compliance-ready rails, Transak enables apps to onboard users, facilitate cross-border payments, and support multi-party payment flows, natively within their platforms.
Integrated by 450+ apps and used by over 10 million users globally, Transak powers fiat-to-crypto and crypto-to-fiat transactions through bank transfers, cards, local payment methods, and stablecoins.
Transak operates globally, with a base in Miami and offices in London, Bengaluru, Dubai, and Hong Kong.
Learn more at transak.com or follow us on X and LinkedIn.
About Cross River
Cross River provides technology infrastructure powering the future of financial services. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, lending, and crypto solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Leading the industry, Cross River is reshaping global finance and financial inclusion. Member FDIC. Find out more at www.crossriver.com.
Media Contact:
Transak
Harshit Gangwar
Marketing & Corporate Development
Cross River
Mackenzie DeLuca
VP, Communications
Contact
Marketing & Corporate Development
Harshit Gangwar
Transak
[email protected]
