PhotonPay and DFNS have announced a partnership to strengthen the infrastructure behind PhotonPay’s growing stablecoin payment capabilities. PhotonPay is the payment infrastructure behind more than 200,000 enterprises operating across 200+ countries and regions, and stablecoins are not a feature bolted onto its stack: they are a working rail inside it. As those flows scale, the digital asset layer managing them, wallet provisioning, transaction signing, policy enforcement, and audit, has to operate at the same standard as the fiat rails beside it. That layer now runs on DFNS.
PhotonPay, the payment stack global commerce runs on
PhotonPay provides digital financial infrastructure to businesses operating globally. Its platform brings together Multi-asset Wallet, Global Checkout, Card Issuing, Global Payout, On/Off Ramp, FX Management, and Embedded Finance, enabling marketplaces, digital entertainment companies, exporters, agencies, and AI-native businesses to manage their global financial workflows through one unified platform.
What sets PhotonPay apart is how deeply stablecoins are integrated into that stack. Fiat and stablecoin rails work together across collections, payouts, treasury, and card spending, so a business uses whichever rail best fits the transaction and the corridor, without managing separate infrastructure for each. The stablecoin rail is there when it is the better rail, and invisible when it is not.
A shared operational reality
The partnership starts from a simple fact. When stablecoin volumes scale inside a payment platform serving hundreds of thousands of businesses, the layer underneath them stops being a technical detail. It has to provision wallets at population scale, sign and track every transaction, enforce policy before anything moves, and leave the evidence a finance team and its auditors expect. DFNS is the core banking platform for digital assets built for exactly that.
- Scale without ceremony. PhotonPay provisions accounts for hundreds of thousands of businesses. On DFNS, wallets are created programmatically and invisibly, and the full transaction lifecycle, construction, signing, broadcast, tracking, and real-time webhooks, is managed end to end across the networks and stablecoins its flows touch. Treasury tooling manages balances and liquidity across currencies and rails, so the dual-rail promise holds under load.
- Controls that hold at speed. The DFNS Policy Engine supports configurable transaction controls, limits, allowlists, and approval workflows, letting PhotonPay build policy and compliance mechanisms directly into its digital asset operations. Controls are applied structurally, before anything is signed, and every action lands in a complete, exportable audit trail.
- Reliability payments demand. A payout to a supplier in Lagos or a game developer in São Paulo does not tolerate a failed transaction. DFNS runs its own node infrastructure chain by chain, with API-level idempotency, rebroadcasting, and real-time failover used by Stripe and MoonPay.
- Security as a foundation. Keys are protected by DFNS’ key infrastructure and never assembled in one place, with zero breaches and zero key losses since 2020, under SOC 2 Type II and ISO 27001, 27017, and 27018 certifications. DFNS operates strictly as a technology provider. Control stays with PhotonPay and within the licensed structures it operates through.
For PhotonPay, the integration strengthens the foundation of its stablecoin capabilities and gives businesses a more direct way to bring digital assets into existing payment and treasury workflows. For DFNS, the partnership extends the platform into a global financial infrastructure serving a broad base of enterprise customers.
“Global commerce doesn’t wait for infrastructure to catch up,” said Gabriel J. Pan, Vice President, Head of Global Partnership and Head of Global Expansion at PhotonPay. “The businesses we serve are already operating across currencies, rails, and markets simultaneously, and they need financial infrastructure that can do the same. Our partnership with DFNS means the digital asset layer beneath our stablecoin capabilities meets the same institutional standard as everything else we run. That’s not a product decision. It’s the foundation for what global payments looks like over the next decade.”
Invisible rails, visible discipline
There is a symmetry in this partnership we like. PhotonPay’s thesis is that stablecoins work best when businesses never have to think about them: the treasury team sees faster settlement and lower costs, not blockchains. DFNS’s thesis is that the infrastructure making that possible should be the most visible thing in the building to a regulator, an auditor, or a security team: every control enforced, every action provable. Invisible to the user. Transparent to the supervisor. Both at once is exactly what a core banking platform for digital assets is for.
As stablecoin payments become a standard feature of global commerce, the infrastructure beneath them has to meet the reliability, compliance, and scalability standards enterprise finance teams already expect from fiat rails. PhotonPay and DFNS are building that infrastructure together, not as a future capability, but as an operational reality for enterprises moving money globally today.
Get started
- Learn more about PhotonPay: photonpay.com
- Learn more about onchain core banking: dfns.co
- Explore the platform and documentation: docs.dfns.co
- Talk to our team: sales@dfns.co
