Conduit
Conduit Technology Inc.
Data verified on unchanged since the sources
Worth it if you're a fintech or enterprise moving money cross-border: a single API between fiat and stablecoins over rails like SEPA, SWIFT and PIX, with multicurrency accounts and dedicated IBANs.
Avoid it if you're an end consumer or want public pricing: Conduit is B2B infrastructure with custom quotes and it holds funds in transit.
Conduit is a B2B platform that orchestrates cross-border payments between fiat and stablecoins through a single API, with access to rails such as FedNow, Fedwire, SWIFT, SPEI, PIX and SEPA. It targets fintechs, payment service providers and large enterprises that want to move money internationally using stablecoins or local currencies; it also offers multicurrency virtual accounts with dedicated IBANs mapped to regulated bank accounts to hold USD, EUR and GBP. The company reports over $10B in annualized payment volume and is registered as an MSB with FinCEN (Montana) and with FINTRAC in Canada.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Custom quote |
| Fiat rails | ACH, SEPA, SWIFT, PIX, Wire |
| Stablecoins | USDC, USDT |
| Custody model | qualified-custody |
| Customer type | Fintech, Enterprise, Platforms |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | US, EEA, UK, LATAM |
| Segment | B2B |
| MiCA / License status | FinCEN MSB (Montana, US)FINTRAC (Canada) |
Strengths
- Single API to orchestrate fiat and stablecoins across many rails
- Registered FinCEN MSB (US) and FINTRAC (Canada)
- High reported volume (over $10B annualized)
- Strong backing (Series A $36M with Circle Ventures, Dragonfly, DCG)
- Multicurrency virtual accounts with dedicated IBANs
- No notable sovereignty advantage documented.
Weaknesses
- B2B infrastructure product, not accessible to end consumers
- Pricing not published (custom quotes)
- Holds funds in transit: carries counterparty risk for business clients
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 4.0/5, very strong profile. In its favour: single API to orchestrate fiat and stablecoins across many rails. The trade-off to weigh: b2B infrastructure product, not accessible to end consumers.
On the Sovereignty lens the score is 0.5/5 (weak): the strength is fund control (0.5/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use Conduit?
No. Conduit is payment infrastructure for fintechs, PSPs and enterprises that integrate its API, not a consumer app.
Is Conduit regulated?
It is registered as a Money Services Business with FinCEN in the state of Montana (US) and with FINTRAC in Canada. It is not a bank.
Sources
- Official service page Investors · IBAN Data verified on Jul 17, 2026