Licensed VASPs can now benefit from robust, scalable fiat payment infrastructure
Clear Junction, a provider of international payments and banking solutions for regulated financial entities, has broadened the availability of its named virtual IBAN (vIBAN) services to include virtual asset service providers (VASPs) that hold the appropriate regulatory licences—a capability that was previously restricted to banks and electronic money institutions (EMIs).
A named vIBAN acts as a unique identifier assigned to each client, allowing them to send and receive fiat payments without the need to set up a dedicated payment account. This model delivers complete fund traceability, simplifies reconciliation, strengthens anti-money laundering (AML) and know-your-customer (KYC) procedures, and increases trust at the institutional level.
By offering this capability to European and UK-licensed crypto asset providers, Clear Junction aims to strengthen the fiat infrastructure available to regulated crypto firms and help them overcome long-standing barriers to accessing reliable account services. It forms part of Clear Junction’s broader strategy to bridge the fiat and digital asset ecosystems through enterprise-grade, compliance-focused infrastructure.
As regulatory clarity improves across key markets – including the EU’s Markets in Crypto-Assets (MiCA) framework and the UK’s new crypto registration requirements – crypto companies are under growing pressure to meet higher standards of compliance, AML screening, and auditability. Yet many still face institutional gatekeeping and outdated banking systems that restrict access to essential fiat services, often forcing them to rely on high-friction workarounds or intermediaries.
Clear Junction’s named vIBANs solve these challenges by giving digital asset providers direct access to fiat settlement capabilities and customer-level account referencing. This unlocks a range of crypto-specific use cases, including me-to-me transfers, fiat-to-crypto conversions, and automated treasury operations. In turn, it boosts operational efficiency, reduces risk, and enables crypto-native institutions to deliver bank-like services on par with traditional fintechs and EMIs.
Dima Kats, CEO and Founder of Clear Junction, commented: “The virtual asset ecosystem has matured rapidly, but fiat infrastructure has often lagged behind. We’re closing that gap, and this launch is another step toward normalising crypto within the global payments ecosystem.
“We’ve long understood that VASPs face an uphill battle accessing fiat services, even when they’re fully licensed and compliant. This launch is about solving that pain point with a practical, scalable solution. By extending named vIBANs to digital asset providers, we’re giving regulated crypto institutions the tools they need to scale responsibly, with full compliance and greater operational clarity.”
Example use cases include:
- Wallet operators assigning unique vIBANs to individual users, enabling fiat deposits/withdrawals with reference-free reconciliation
- Crypto exchanges managing multiple jurisdictions and currency pairs with cleaner fund flows
- OTC desks executing high-volume fiat-to-crypto conversions under tighter operational controls
- Token issuers streamlining fiat treasury flows across ecosystems
This service complements Clear Junction’s broader digital asset offering, which includes:
- Instant fiat deposits and withdrawals
- EUR and GBP payment rails via SEPA and FPS
- On/off-ramp solutions for fiat-to-crypto transactions
- On-chain transfers via its stablecoin payment service supporting USDT and USDC on Ethereum, Solana, and Tron networks
The expanded vIBAN service is backed by Clear Junction’s deep regulatory expertise and technology platform purpose-built for regulated institutions. The group is one of the few UK-based entities licensed both as an EMI and a crypto‑asset service provider by the Financial Conduct Authority, uniquely positioning it to support the evolving needs of the digital asset sector.
Founded in 2016, Clear Junction enables financial institutions to access accounts, vIBANs, payment networks, FX services, and e-wallets quickly, securely, and in full compliance with regulatory requirements. Its infrastructure is built to reduce time to market, expand access to new regions, and power faster, safer global payments.
