BCB GROUP AND TRACE FINANCE PARTNERSHIP

BCB Group and Trace Finance forge payments partnership: Agreement links Europe and US to Brazilian market

London, Rio de Janeiro, July 2025 – BCB Group and Trace Finance have teamed up to build faster payments links between Europe, the US and the fast-growing crypto markets of Latin America.

The partnership provides Brazil-based Trace Finance access to BCB’s USD and Euro payments services, while BCB gains access to the Brazilian payments network.

Trace operates under a fully regulated banking structure in Brazil, allowing it to carry out large scale FX payments to and from the country and is connected to Brazil’s high speed and low-cost Pix payments system operated by the Banco Central do Brasil.

The relationship significantly expands both companies’ offering to their clients,” said Bernardo Brites, CEO and Co-founder of Trace Finance.

“We offer full capabilities to BCB to operate within the Brazilian market, and soon other Latin America markets too, and then BCB in turn enables us to settle high volume transfers for our customers and work with other trading desks through BLINC,” said Brites.

BLINC is BCB’s proprietary payments network that provides instant, fee-free transfers between any BCB account holders.

Stablecoins are among the fastest growing methods of payments in Brazil, with 8% of cross border payments to and from the country now carried out in stablecoin. The proportion of Trace Finance’s settlements carried out in stablecoins has soared from 7% in September last year to 40% as of June this year.

The Brazilian economy has become increasingly open for foreign business with overseas companies able to open bank accounts in the country without having to open a subsidiary business.

Regulatory changes have also led to a rapid expansion of cross border payments between Brazil, other Latin America and the US, making the USD capabilities of BCB particularly valuable to Trace.

“BCB enables us to transact billions of dollars, not least by providing the last mile of transaction into the US,” said Brites.

Tim Renew, Deputy CEO at BCB Group, said: “Trace is a great partner for our business. Connecting our capabilities will provide both ours and their clients with even wider markets. It is another step towards an integrated crypto and fiat global payments network.”

Trace Finance  is backed by US stablecoin group Circle, and both Trace and BCB are members of the Circle Payment Network announced earlier this year.

Media Contacts
BCB Group:
Sam Shrager
Chief Marketing Officer, BCB Group
[email protected]

Trace Finance

About BCB Group 

BCB Group is a leading provider of regulated payment, wallet, and trading services in crypto and fiat for the digital asset economy. We provide accounts, cryptocurrency, and foreign exchange market liquidity for some of the world’s largest, crypto-engaged businesses, including crypto exchanges, liquidity providers, market makers, investment firms, custodians, payment processors and wallet providers.

Our end-to-end suite of fiat and crypto payment, trading and wallet products are accessible through our Client Console UI and API. We offer more than 40 fiat and cryptocurrencies, deep trading liquidity, 24/7 instant payments through our instant settlements network, BLINC, and secure crypto services.