Shifting payments infrastructure: a product lens

As regulatory clarity emerges across the sector, stablecoins are shifting from trading infrastructure to core payment infrastructure. For institutions operating across both fiat and digital assets, this shift is creating demand for regulated settlement rails capable of supporting stablecoin flows within traditional payment systems.

Valentin Vincendon, Chief Product Officer at BCB Group, said this transition is shaping the firm’s product strategy, with infrastructure and regulatory compliance sitting at the centre.

“As a regulated infrastructure provider, our priority is strengthening the infrastructure that underpins our products, expanding integrations and settlement capabilities across more jurisdictions,” said Vincendon.

For institutional payments, the focus is reliability, speed and regulatory compliance, rather than consumer-facing features.

“Our products are not retail with snazzy features,” he added. “What our customers care about is accessing better and faster transactions and settlement capabilities while remaining compliant across the broadest number of jurisdictions and currencies possible.”

This prioritisation of infrastructure reflects a broader shift across the payments landscape, with stablecoins becoming increasingly integrated into institutional payment flows.

Regulatory developments have played a key role in accelerating the shift, with frameworks such as the European Union’s Markets in Crypto-Assets regulation (MiCA) helping to provide greater clarity for institutions operating in the sector.

According to Vincendon, against this regulatory backdrop a new generation of product development is emerging around stablecoins.

“Until very recently, there wasn’t clarity in a major region – the EU – about stablecoins. Now that this clarity exists, we’re seeing companies building infrastructure around stablecoin issuance, treasury management and payments.”

As these systems develop, BCB’s product strategy is also expanding beyond traditional crypto-native use cases into adjacent payment verticals.

BCB is increasingly exploring opportunities in sectors such as remittances, where the combination of fiat settlement infrastructure and stablecoin rails can offer more efficient global payment capabilities. The firm is also developing capabilities around third-party payments, enabling clients to process payments on behalf of other entities while maintaining compliance across multiple jurisdictions.

“What truly matters is ensuring our customers can process third-party payments while remaining compliant across all jurisdictions where they operate, and while benefiting from reliable infrastructure, faster settlement and reasonable costs,” said Vincendon.

“What we care about when we build our products is providing the best rails in terms of speed and settlement facilities for each vertical,” he added.

“A remittance company might need very efficient fiat settlement rails in Europe, but also stablecoin acceptance and wallets for other markets. Customers increasingly want access to both.”

The convergence of crypto, traditional finance and decentralised financial infrastructure is expected to reshape how global payments operate in the coming years. BCB’s product strategy is centred on building the infrastructure that connects these systems, enabling regulated stablecoin flows across global payment rails.