The BPN platform, built on BNB Chain, specializes in instant and regulated stablecoin transfers between different jurisdictions with minimal fees. The network is based on a hybrid CeDeFi architecture that combines the advantages of centralized and decentralized solutions, ensuring fast and secure transactions.
The service supports several regional stablecoins, including BBRL (Brazilian real), cNGN (Nigerian naira), MEXAS (Mexican peso), and EURI (euro). This allows users to quickly transfer funds between countries without traditional banking delays. Settlement times have been reduced from 1-2 days to 3-4 hours, and the average fee is only 0.3%, significantly more favorable than standard banking transactions.
The company noted that it plans to launch a DeFi segment—an on-chain market for stablecoin exchanges without KYC—by the end of the year. Initially, the platform will offer up to 20 assets from Latin America, Africa, and Asia, expanding opportunities for global transfers and trading.
The funds raised will also be used to create liquidity pools and attract market makers. This will maintain stable exchange rates and ensure fair pricing through arbitrage and liquidity balancing.
BPN management emphasizes that these measures will help the platform accelerate the adoption of innovative financial instruments and strengthen its position in the cross-border stablecoin segment. The investment from YZi Labs, formerly known as Binance Labs, demonstrates the high level of investor confidence in the project and the network's potential.
Earlier, the market reported on the funding of the startup Tria, which raised $12 million across two rounds, demonstrating continued investor interest in crypto projects focused on payment solutions and DeFi.
BPN aims not only to speed up and reduce the cost of international transfers but also to create an ecosystem where stablecoin exchange is simple, secure, and accessible to users worldwide. With the launch of the DeFi segment, the network plans to expand its presence in Latin America, Africa, and Asia, offering innovative solutions for global payments.