Stablecorp announces the beta launch of Grapes Finance

Grapes enables Canadian individuals and businesses to access corporate class
Treasury management, FX, payment and yield analysis solutions in both fiat and
digital assets

TORONTO, 29 September 2022 /PRNewswire/ — Stablecorp, a Canadian blockchain technology company, today announced the Beta launch of Grapes Finance, a personal and commercial payment and financial management platform powered exclusively by blockchain infrastructure on the Ethereum, Algorand and Stellar networks. Grapes offers users a powerful portal for treasury management services including currency, custody, global payments and select access to returns and credit, all built on blockchain rails.

Through its unique “Grapes Connect” know your customer (KYC) and know your business (KYB) sharing infrastructure, Grapes uses a “one-stop onboarding” structure to provide users with access to leading digital asset financial services from elite partners in FX, custody – and yield generation space, all in the user’s own name and all controlled through their Grapes interface. This eliminates multiple logins and administration, while offering unmatched transparency and control at fractions of the typical cost. Grapes has also partnered with global modern money movement leader Nium to enable global last mile fiat solutions for all Grapes customers.

“This type of ‘ecosystem’-based solution, with services remaining in the customer’s name but all controlled and connected through a seamless Grapes interface, represents a completely new approach to providing financial services. We expect to be able to offer ‘step functionality’ cost and efficiency savings for individuals and businesses using this solution set,” said Alex McDougall, CEO of Stablecorp. “The frictions that have accumulated around the traditional financial system simply cannot be resolved with point solutions that leverage legacy mainframe infrastructure. It is time to rebuild the solutions available to both Canadian and global consumers and businesses, and we are excited to take step one today with the launch of Grapes Beta.”

“Nium’s digital asset rail makes it easier for global businesses to deliver payment solutions worldwide,” said Joaquin Ayuso de Paul, head of Nium Crypto and Web3. “We are excited to partner with Stablecorp to power the global payment rails for Grapes Finance, helping to seamlessly trade across borders and connecting Canadian companies to their business partners globally.”

Beta launch details

• Grapes Finance is currently in a closed beta environment, conducting pilot tests with a number of selected business partners
• Full version of the Grapes platform is expected in Q1 2023
• If you are interested in joining the beta, please visit or contact us at [email protected] to get on board or join the waiting list

About Stablecorp

Stablecorp is a leading Canadian fintech company building bank-grade blockchain technology. Through its three product lines – Forge, Grapes and YaaS – Stablecorp blends cutting-edge technology with innovative approaches to solving customer needs to create “incremental” improvements in financial services. Stablecorp focuses on consumer and personal finance management, including cross-border payments, currency and leading analytics on digital asset borrowing and lending solutions, all using blockchain technology.

For more information, visit and

About Nium

Nium is the global platform for modern money movement. It gives banks, payment providers and businesses of all sizes access to global payment and card issuing solutions. Its modular platform powers frictionless commerce, helping businesses pay and get paid worldwide. When connected to the Nium platform, businesses can pay out in more than 100 currencies to over 190 countries – 100 of them in real time. Funds can be received in 35 markets, inclusive Southeast AsiaGreat Britain, Hong Kong, Singapore, Australia, India, and the United States. Nium’s growing card issuing business is already available in 34 countries, incl Europe (SEPA), United Kingdom, Australia and Singapore. Nium has regulatory licenses and authorizations in over 40 countries, enabling seamless global payments and rapid integration, regardless of geography.

For more information, visit: contact a specialist here.

Media Contacts:

Stablecorp:
Chris Clemens
[email protected]

Nium:
Tim Blackhead of global communications
[email protected]

SOURCE Stablecorp